GFNORTE AT
a glance

Grupo Financiero Banorte (GFNorte; BMV: GFNORTEO) is a leading financial institution in Mexico. After the merger with Ixe, it became the third largest bank in the country and the largest financial group controlled by Mexican investors.

Through a network comprised of more than 1,200 branches, 7,000+ ATMs, over 5,300 third-party correspondents and more than 162,000 POS terminals, it currently serves over 13 million customers in the banking sector throughout the country.

The main activity of GFNorte’s subsidiaries is the realization of financial transactions such as providing services for banking, brokerage, leasing, financial factoring, general warehousing services, annuities, life and damage insurance, as well as the acquisition, disposal, administration, collection and in general negotiation in any form, of claims. It operates the main administrator of retirement funds in Mexico, Afore XXI Banorte, as well as the money transfer companies Motran and Uniteller in California and New Jersey respectively, and Banorte Securities International in New York.

Banorte is one of the banks with better quality assets within the Mexican financial system and possesses adequate capitalization and liquidity levels.