Banorte Company Description
Grupo Financiero Banorte is one of Mexico's leading bank groups, providing banking, lending, investment, and money exchange services through more than 1,000 branches and some 3,700 ATMs. It offers its services to the retail, corporate, and government markets. Commercial loans for the retail and manufacturing industries make up a large part of its lending portfolio; the company also has a microlending unit. Subsidiaries offer pension management, insurance, annuities, leasing, and factoring services. Banorte has grown quickly through big-ticket bank acquisitions, including Bancrecer, Bancentro, and the state-controlled Banpais. It also owns South Texas-based Banorte USA (formerly Inter National Bank).
View the Comprehensive Company Description for Banorte
The Company Description provides a historical perspective of Banorte's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Banorte's evolution in the marketplace.
