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Grupo Financiero Banorte, S.A.B De C.V. (Mexico)

Main Activities: Securities and Commodity Exchanges | Management of Companies and Enterprises
Full name: Grupo Financiero Banorte, S.A.B De C.V. Profile Updated: January 10, 2020
Buy our report for this company USD 29.95 Most recent financial data: 2019 Available in: English & Spanish Download a sample report

Grupo Financiero Banorte S.A.B. de C.V. is a Mexican financial institution that offers banking, leasing, warehousing, insurance, pension and brokerage services. The company was founded in 1986 when Banco Mercantil de Monterrey and Banco Regional del Norte, joined together and formed Banco Mercantil del Norte. The company has been listed on the Mexican Stock Exchange since 1992. In March, 2011 Grupo Financiero Banorte merged with Grupo Financiero Ixe.

Headquarters
Avenida Paseo de la Reforma 505, Piso 45, Delegacion Cuauhtemoc
Mexico City; Federal District of Mexico City; Postal Code: 06500

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Website: http://www.banorte.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
July 21, 1992
Key Executives
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Chairman of the Board of Directors
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Chief Executive Officer
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Chief Administrative and Financial Officer
Subsidiaries
Ixe Banco, S.A.- Grupo Financiero Banorte
100%
Arrendadora Y Factor Banorte S.A. de C.V. Org Auxiliar De Credito
99%
Almacenadora Banorte, S.A. De C.V.
Company Performance
Financial values in the chart are available after Grupo Financiero Banorte, S.A.B De C.V. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MXN. Absolute financial data is included in the purchased report.
Net interest income
7.69%
Net fee and commission income
7.44%
Operating profit (EBIT)
12.78%
Net Profit (Loss) for the Period
14.26%
Total assets
-2.5%
Total equity
12.34%
Total Assets Trend
N/A
Net Interest Income Trend
-10.39%
Cost to Income Ratio
0.09%
Loans to Deposits Ratio
4.83%
Loans to Asset Ratio
0.35%

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