SymbolGBOOY
NameGRUPO FINANCIERO BANORTE, S.A.B. DE C.V.
SectorUNDEFINED
RegionNorth America
Industry-
Address66278 Mexico David Alfaro Siqueiros 106 Col. Valle Oriente
Telephone+52 55 1103 4000
Fax
Email
Websitehttp://www.banorte.com
IncorporationMX
Incorporated On1992
Employees
Fiscal Year12/31
Public Since
ExchangesOTC
AuditorGalaz, Yamazaki, Ruiz Urquiza S.C.;
Audit StatusAUDITED
Reporting StatusInternational Reporting: Bolsa Mexicana de Valores
CIK0001464898
Description

Grupo Financiero Banorte (GFNorte), is a leading financial institution in Mexico and the one with the broadest business diversification in the market. It operates as a universal banking institution, providing in addition, a wide array of products and services through its broker dealer, annuities & insurance companies, retirement savings funds (afore), mutual funds, leasing & factoring company, and warehousing business. Banorte is the second largest financial group in Mexico in terms of loan portfolio, the number two provider of loans to governments and the second largest bank in mortgage loans. Additionally, Afore XXI Banorte is the countrys largest retirement fund manager in terms of AUM. Banorte is the only commercial bank, among the six largest institutions, that is managed by a Mexican management team. Its decisions are made locally without the influence of foreign parent companies, which have proven to be an advantage given the recent weaknesses of many global institutions.

Additional info from OTC:
Grupo Financiero Banorte (GFNorte), is a leading financial institution in Mexico and the one with the broadest business diversification in the market. It operates as a universal banking institution, providing in addition, a wide array of products and services through its broker dealer, annuities & insurance companies, retirement savings funds (afore), mutual funds, leasing & factoring company, and warehousing business. Banorte is the second largest financial group in Mexico in terms of loan portfolio, the number two provider of loans to governments and the second largest bank in mortgage loans. Additionally, Afore XXI Banorte is the countrys largest retirement fund manager in terms of AUM. Banorte is the only commercial bank, among the six largest institutions, that is managed by a Mexican management team. Its decisions are made locally without the influence of foreign parent companies, which have proven to be an advantage given the recent weaknesses of many global institutions.

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