Grupo Financiero Banorte (GFNorte; BMV: GFNORTEO; OTCQX: GBOOY; LATIBEX: XNOR) is a leading Mexican financial institution, the second largest Financial Group in the country and the most widely diversified in terms of its businesses.
| DATA HIGHLIGHTS | |||
|---|---|---|---|
| Grupo Financiero Banorte | 2018 | 2017 | 2016 |
| Assets under management (millions of pesos) | 2,607,083 | 2,423,321 | 2,184,877 |
| Total assets (millions of pesos) | 1,620,470 | 1,354,147 | 1,268,119 |
| Banorte brand value (millions of USD)1 | 1,418 | 1,441 | 1,619 |
| Total Bank Deposits (millions of pesos) | 759,235 | 648,622 | 575,755 |
| Total loan portfolio (millions of pesos) | 790,455 | 628,080 | 577,117 |
| Shareholders’ equity (millions of pesos) | 174,464 | 147,583 | 142,701 |
| Net income (by equity method) (millions of pesos) | 31,958 | 23,908 | 19,308 |
| Earnings per share (pesos) | 11.083 | 8.619 | 6.961 |
| Dividends per share (pesos) | 3.45 | 8.73 | 2.61 |
| Dividends paid | 9,563 | 14,645 | 7,229 |
| Book value per share (pesos) | 59.75 | 52.55 | 50.74 |
| Outstanding shares (millions) | 2,843.58 | 2,749.03 | 2,754.03 |
| Stock price (pesos) | 95.78 | 107.83 | 102.30 |
| Return on equity (ROE) (%)2 | 20.28 | 16.98 | 13.91 |
| Return on assets (ROA) (%)3 | 2.18 | 1.86 | 1.58 |
| Net interest margin (%)4 | 5.63 | 5.47 | 4.87 |
| Cost to income ratio (%)5 | 39.03 | 41.94 | 44.94 |
| NPL ratio (%) | 1.68 | 1.99 | 1.79 |
| Coverage ratio (%) | 142.08 | 129.16 | 139.48 |
| Capital adequacy index (%) | 17.17 | 17.23 | 15.30 |
1 Source: Brand Finance.
2 Non-interest expense / (net interest income + non-interest income).
3 Non-interest expense / (net interest income + non-interest income).
4 NIM = Net interest income in the quarter, annualized / Average productive assets.
5 Non-interest expense in the quarter, annualized / Average Total Assets.
| INFRASTRUCTURE | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Territory | States | Branches | ATMs | Correspondents1 | Disadvantaged population | ||||
| 2018 | 2017 | 2018 | 2017 | 2018 | 2017 | Population density2 | Extreme and moderate poverty %3 | ||
| Mexico City South | Mexico City, Mexico State | 156 | 155 | 918 | 850 | 1,985 | 1,833 | 1,008 | 37.1 |
| Mexico City North | Mexico City, Mexico State | 151 | 153 | 894 | 843 | 2,441 | 2,242 | 1,008 | 37.1 |
| North | Durango, Nuevo León, Tamaulipas, Coahuila | 210 | 212 | 1,874 | 1,754 | 5,408 | 5,130 | 29 | 34.9 |
| Central | Aguascalientes, Guanajuato, Jalisco, Querétaro, San Luis Potosí, Tamaulipas, Zacatecas | 149 | 148 | 1,190 | 1,135 | 3,611 | 3,315 | 68 | 43.2 |
| Northwest | Baja California, Baja California Sur, Chihuahua, Sinaloa, Sonora | 140 | 140 | 1,289 | 1,192 | 5,134 | 4,871 | 20 | 32.2 |
| West | Colima, Guanajuato, Jalisco, Michoacán, Nayarit | 126 | 124 | 793 | 763 | 3,088 | 2,844 | 94 | 44.1 |
| South | Guerrero, Hidalgo, Morelos, Puebla, Oaxaca, Tlaxcala, Veracruz | 116 | 116 | 739 | 675 | 3,716 | 3,382 | 106 | 57.8 |
| Peninsula | Campeche, Chiapas, Oaxaca, Tabasco, Quintana Roo, Yucatán, Veracruz | 102 | 100 | 726 | 699 | 2,844 | 2,514 | 56 | 52.8 |
| Total Banorte | 1,150 | 1,148 | 8,423 | 7,911 | 28,227 | 26,131 | 57 | 44.7 | |
1 Our correspondents network is made up of various retail stores and other businesses: Telecomm, 7-Eleven, Tiendas Extra, Soriana, Grupo Control, NetPay, Farmacias Guadalajara, Farmacias de Ahorro, OXXO and La Comer.
2 Population density expressed in inhabitants/km2. Source: cuentame.inegi.org.mx
3 Disadvantaged population refers to percentage of inhabitants living in extreme or moderate poverty in the state of each territory. Source: www.coneval.gob.mx
| MExico | |||
|---|---|---|---|
 |
1,150 branches |
||
 |
8,423 ATMs |
||
 |
158,735 point of sale terminals |
||
 |
28,227 correspondents |
||
| UNITED STATES | |||
| 574 Uniteller agencies |
2 Banorte Securities offices |
||
| MAJORITY NET INCOME BY SECTOR | |||
|---|---|---|---|
| 2018 | 2017 | 2016 | |
| Banking | 24,337 | 18,012 | 13,804 |
| Brokerage | 1,070 | 972 | 832 |
| Long Term Savings | 5,508 | 4,941 | 4,434 |
| Afore XXI Banorte (retirement funds) | 1,256 | 1,284 | 1,248 |
| Insurance | 3,434 | 2,775 | 2,626 |
| Annuities | 818 | 882 | 561 |
| Leasing and factoring | 861 | 771 | 693 |
| Warehousing | 17 | 42 | 28 |
| Sólida Administradora de Portafolios | -793 | -963 | -533 |
| Ixe Servicios (Corporate Services) | -1 | -2 | -5 |
| GF Banorte (Holding Company) | 557 | 132 | 54 |
| Total | 31,958 | 23,908 | 19,308 |
Figures in millions of pesos.
| MEANS OF DELIVERY | |||
|---|---|---|---|
| 2018 | 2017 | 2016 | |
| Branches |
1,150 |
1,148 |
1,175 |
| Monetary transactions (millions) | 119 | 130 | 170 |
| ATMs | 8,423 |
7,911 |
7,756 |
| Monetary transactions (millions) | 345 | 349 | 340 |
| Correspondents | 28,227 |
26,131 |
24,312 |
| Monetary transactions (millions) | 48 | 32 | 16 |
| Internet - number of clients |
2,224,293 |
2,383,218 |
2,014,596 |
| Monetary transactions (millions) | 173 | 160 | 106 |
| Mobile Banking - number of clients |
1,508,744 |
963,277 |
914,057 |
| Monetary transactions (millions) | 68 | 29 | 14 |
| Point of Sale Terminals (POS) |
158,735 |
165,441 |
151,948 |
| Monetary transactions (millions) | 417 | 320 | 260 |
| Billing (millions of pesos) | 299,627 | 244,918 | 200,163 |
| Contact Center Calls received (millions) |
83.6 |
81.5 |
69.7 |
