“Grupo Financiero Banorte (GFNorte; BMV: GFNORTEO) is a leading financial institution in Mexico, the country’s third largest financial group and the first controlled by Mexican shareholders.”

(SRS: 102-7, 102-5, 102-45)

GFNorte serves more than 22 million customers through a network that includes more than 1,000 branches, over 7,000 ATMs, more than 24,000 correspondents and over 150,000 Point of Sale terminals.

The main activity of GFNorte subsidiaries is to carry out financial operations – provide services for banking, brokerage, leasing, financial factoring and warehousing services in general, annuities and life and damage insurance, as well as the acquisition, transfer, administration, collection and negotiation, in any form, of claims. Other subsidiaries include the Afore XXI Banorte which is the main administrator of retirement funds in Mexico, remittance companies Motran which operates in California and Uniteller in New Jersey, and Banorte - Ixe Securities operating in New York.

Banorte is one of the banks with better asset quality and appropriate levels of capital and liquidity in the Mexican financial system.

CHANNELS
Majority income per sector
(SRS 102-5)

OUR COVERAGE (SRS 102-4)

“For GFNorte, creating value means providing services to a greater number of clients, even those in the most remote locations, enabling access to the quality services that we offer.”

Grupo Financiero Banorte (GFNorte; BMV: GFNORTEO) is a leading financial institution in Mexico, the third largest financial group in the country and the first controlled by Mexicans.

GFNorte serves more than 27 million customers through a network that includes over 1,000 brnaches, more than 7,000 ATMs, over 24,000 correspondents and more than 150,000 point of sale terminals.

The main activity of GFNorte subsidiaries is carrying out financial operations - banking, brokerage, leasing, financial factoring and warehousing services in general, annuities as well as life and damage insurance, as well as the acquisition, transfer, administration, collection and negotiation in any form, of credit claims. The Afore XXI Banorte, is the main administrator of retirement funds in Mexico, other companies include the remittance companies Motran which operates in California and Uniteller in New Jersey, as well as Banorte - Ixe Securities operating in New York.

Banorte is one of the banks with better asset quality and appropriate capital and liquidity levels in the Mexican financial system.

  • Mexico
  • United States of America
  • SOUTHERN MEXICO
  • NORTHERN MEXICO
  • NORTH
  • CENTRAL
  • NORTHWEST
  • WEST
  • SOUTH
  • PENINSULAR

1,175

Branches

7,756

ATMs

24,312

Correspondents1

  • International Bank
  • Uniteller
  • Banorte IXE Securities

2015

19

INB Branches

2016

19

INB Branches