Banco Monex (formerly Comerica Bank Mxico, S.A.) operates as a subsidiary of Monex Grupo Financiero. The Bank offers a range of financial services including digital accounts, loans, letters of credit, foreign exchange trading, international investing and more. In August 2006, Monex Grupo Financiero acquired Comerica Bank Mxico, S.A. (now Banco Monex). In December 2007, Monex transferred FX operations from Monex Brokerage Firm to Banco Monex. As of June 30, 2012, Banco Monex had total assets of MXN 34.100 billion (US$2.55 billion).