It was founded in 1970 in Monterrey, Nuevo Leon, Famsa has established itself as a leading public company in the retail sector, focused on satisfying different needs of consumer, financial and household savings.
Throughout its history, Famsa Group has developed a strong portfolio of complementary businesses based on consumer credit and savings, through its three business units; Famsa Mexico, Famsa Savings Bank and Famsa USA, the company provides a comprehensive value proposition aimed by improving the quality of life of a population segment that values â€‹â€‹personal service and requires credit options that historically have not been offered by traditional banks.
The combination between Famsa Mexico, Savings Bank and Famsa USA Famsa are improving the performance of the company. Thus, Famsa Savings Bank has positioned itself as one of the commercial banks in the country, complementing Famsa Mexico.
Also, Famsa USA is one of the main competitors in the sale of furniture, electronics and white in America, replicating the business model Famsa Mexico.
Nowadays, Famsa Group operates an extensive network of 352 stores with 288 bank branches in 25 states of Mexico and 49 stores in 5 states with the largest Hispanic populations in the United States, it’s been generating a source of jobs, it has more than 16000 employees nationwide.
The amount of potential business platform has the Famsa Group positions the company to extend its growth trajectory and enhance value for its shareholders.