Citi to invest more than $1 billion in Mexico unit

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FILE PHOTO -- People walk beneath a Citibank branch logo in the financial district of San Francisco, California July 17, 2009. REUTERS/Robert Galbraith/File Photo (Copyright Reuters 2016)

Citigroup Inc said on Tuesday it would invest more than $1 billion in its Mexico unit, Banco Nacional De M��xico, which will be known as Citibanamex.

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The investments, which will be completed by 2020, are in addition to the more than $1.5 billion Citi committed to invest in the bank in September 2014. (

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)