Get Your Own Businessabc AI Visibility ID
Boost AI visibility, credibility, and discoverability
Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services. The company operates through a network of approximately 1,151 branches, 9,668 ATMs, and 154,443 point of sale terminals. Grupo Financiero Banorte, S.A.B. de C.V. was founded in 1899 and is based in Mexico City, Mexico.
Banorte is the primary subsidiary of Grupo Financiero Banorte, one of Mexico's largest and oldest financial institutions, which has been present in Mexico since 1899. The "Banorte" trademark is a well-known mark in Mexico. The web domain name "banorte.com" was created in 1998.
It is a Forbes Global 2000 company, with total consolidated assets of approximately $80 billion, more than 30 billion dollars in assets under management, 12,500 employees and 950 branches. It is the only major bank in Mexico not owned by any foreign group.
It was established in 1889 as Banco Mercantil de Monterrey and in 1985 merged with Banco Regional del Norte to form Banco Mercantil del Norte . In late 2001, Banorte acquired Bancrecer in US$125 million. Bancrecer had been taken over in 1999 by IPAB. Bancrecer had itself taken over another bank, Banco del Noroeste , in 1997.
In 1992, it was purchased from the Mexican Government by a group of investors headed by the Mexican businessman Roberto González Barrera. In less than 10 years, Banorte transformed itself from a regional bank, based mainly in the northern Mexico, to one with nationwide coverage. To achieve that, Banorte bought four Mexican banks .
Banorte expanded their business lines to include leasing in 1990, and to warehousing and factoring services in 1991. In order to set up a financial group with full services Banorte wanted a securities company under its control, and Banorte acquired Casa de Bolsa Afin in July 1993. In 1997, Banorte established an alliance with the Italian insurance company Generali to offer insurance, pension funds, and Afore's services through their subsidiaries Afore Banorte-Generalli, Seguros Banorte-Generalli and Pensiones Banorte-Generalli.
Banorte has operations in New York and Grand Cayman .
Total Assets: 1.6 trillion pesos Equity: 237 billion pesos Return on assets : 1.6%
In Banorte, innovation characterizes us, that is why we created a unique security code to enter your bank: Your footprint.
