We operate under a universal banking model, offering a wide variety of products and services through our subsidiaries.
Banorte is one of the six largest banks in Mexico, and among them the only commercial bank in the country managed entirely by Mexican Directors. Its decisions are made locally without the influence of a foreign parent company.
Our subsidiaries are engaged primarily in financial transactions like the provision of financial and banking services. We innovate on a daily basis, and through our online banking system we provide access to more than 50 different functions for our customers: interbank transfers, balance inquiries, service and credit card payments, cardless cash withdrawal, digital card payments, mobile tokens and others, providing the highest level of security and confidence in each.
In Private and Equity Banking, we offer products and services consistent with each client’s investment profile, with a wide range of investment and financing options.
Our warehousing, leasing and factoring subsidiaries provide quality services to benefit and support companies with their core business needs.
In our Long Term Savings Business, we have a wide range of insurance and annuities programs, so that our clients can enjoy the assurance of well-being and peace of mind in the short, medium and long term. We also operate the largest individual retirement fund in Mexico, Afore XXI Banorte.
Additionally, we operate the money transfer companies Motran and Uniteller, in California and New Jersey, respectively, as well as Banorte-Ixe Securities in New York.
Market share:
Afore XXI Banorte
Funds Managed:
22.4%
Banorte Annuities
Resolutions:
42.6%
Loans to government entities:
35.8%
Mortgage
lending:
19.5%
Car
loans:
17.6%
Consumer
credit:
12.3%
Payroll
loans:
20.9%
Point-of-Sale
Terminals (POS):
14.7%
Company
loans:
10.8%
Credit
cards:
9.5%
Afore XXI Banorte Funds Managed:
22.4%
Banorte Annuities Resolutions:
42.6%
Loans to government entities:
35.8%
Mortgage lending:
19.5%
Car loans:
17.6%
Consumer credit:
12.3%
Payroll loans:
20.9%
Point-of-Sale Terminals (POS):
14.7%
Company loans:
10.8%
Credit cards:
9.5%
Sources: Official Report by the National Banking and Securities Commission (CNBV) and the National Retirement Savings System (CONSAR).
