Citi to invest more than $1 billion in Mexico unit

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.

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. (http://citi.us/2cQjRvU)

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