Grupo Financiero Banorte SAB de CV Class O
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Jose Marcos Ramírez Miguel
- Full Time Employees
- 34,556
- Sector
- Finance
- Industry
- Major banks
- Address
- Col. Cruz Manca Santa Fe San Pedro Garza García DF Mexico 05349
- IPO Date
- Oct 7, 1992
- Website
- banorte.com
- Similar Companies
- Business
- Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO.MX) operates as one of Mexico's largest financial groups, providing a comprehensive range of banking and financial services including commercial banking, consumer banking, investment banking, asset management, insurance products, pension fund administration, leasing services, and factoring operations. The company offers deposit products such as savings accounts, checking accounts, and time deposits; credit products including mortgages, personal loans, credit cards, auto loans, and commercial loans; and investment services like mutual funds, brokerage services, and wealth management through brands including Banorte, IXE, and Banorte Seguros. It serves individual consumers, small and medium-sized enterprises, and large corporations across retail banking, corporate banking, and government sectors, with primary operations in Mexico and select international presence in the United States through subsidiaries. Founded in 1899 and headquartered in Monterrey, Mexico, Grupo Financiero Banorte maintains a network of over 1,200 branches nationwide and leverages digital platforms for expanded reach. The group encompasses key subsidiaries such as Banco Mercantil del Norte S.A. (Banorte), the primary banking arm; Casa de Bolsa Banorte Ixe S.A. de C.V. for investment services; and Operadora de Fondos Banorte S.A. de C.V. for asset management. In recent developments, the company completed a strategic alliance with Visa in 2024 to enhance digital payment solutions and launched new fintech offerings including Banorte Móvil enhancements for real-time transactions. It also reported a significant funding boost through a 2025 bond issuance exceeding MXN 20 billion to support expansion into sustainable finance products and acquired select assets from a regional competitor to strengthen its SME lending portfolio. These moves reflect Banorte's focus on digital transformation and market consolidation amid Mexico's evolving financial landscape.
Company News
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