Grupo Financiero Banorte HQ
 Banorte office

Grupo Financiero Banorte, S.A.B. de C.V. (BMV: GFNORTEO; OTCQX: GBOOY; Latibex: XNOR) is the second largest bank in Mexico by assets and the largest bank controlled by Mexican capital. With over 30,000 employees, it serves more than 21 million customers through a network of over 1,150 branches, 8,400 ATMs and 158,735 point of sale terminals. Banorte offers a diverse range of products and services including deposits, personal and commercial loans, auto loans, mortgages, payday loans, auto insurance, home and life insurance (via Seguros Banorte, SA de CV), retirement solutions, annuities, leasing and factoring, warehousing, brokerage services, asset management, investment banking, mutual funds as well as corporate and enterprise banking, federal government banking, transactional banking, international banking, mobile and online banking, wire transfers, safe deposit boxes, foreign currency exchange and much more. Banco Mercantil del Norte is the Group’s largest subsidiary and the Best Bank in Mexico according to Global Finance magazine. Afore XXI Banorte is the largest asset management company in Mexico. Banorte USA Corporation (Banorte USA), founded in 2006, was liquidated in January 2019. Grupo Financiero Banorte’s shares are traded on the Mexican Stock Exchange (Bolsa Mexicana de Valores) and the US OTC securities market through ADRs, with a market capitalization of US$15 billion as of December 5, 2019.


Net income US$ 1.6 billion (2018)
Total assets US$ 80.4 billion (09/2019)
Total loans US$ 37.9 billion (09/2019)
Total deposits US$ 36.7 billion (09/2019)
Asset under management (AUM) US$ 142.887 billion (09/2019)
Total equity US$ 9.5 billion (09/2019)
Number of employees (FTEs) 30,548

Headquarters address:
Avenue Revolucion 3000
Col. Primavera, Monterrey
Nuevo León 64830, Mexico
Telephone: + 52 181 8319 6500

Banorte USA Corporation (liquidated)
540 Madison Avenue, Fl 36
New York, NY 10022
United States