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

Founded in 1899 as Banco Mercantil del Norte in Monterrey, Nuevo León, Mexico, Grupo Financiero Banorte, S.A.B. de C.V. has evolved into one of Mexico’s largest and most diversified financial institutions, currently headquartered at Av. Revolución 3000, Colonia La Primavera, Monterrey. The company is publicly traded on the Mexican Stock Exchange (BMV: GFNORTEO) and operates under the leadership of José Marcos Ramírez Miguel, its CEO, with ownership ties to Carlos Hank González and other prominent Mexican business figures. Banorte offers a wide range of banking and financial services, including retail and commercial banking, insurance, pension fund management, brokerage, investment banking, leasing, factoring, and digital banking solutions. Its most important products include checking and savings accounts, credit cards, personal and SME loans, mortgages, and insurance for auto, home, life, and business. Banorte’s most recognizable brands include Banorte Móvil, its digital banking platform, and Afore XXI Banorte, one of Mexico’s largest pension fund managers. With over 33,000 employees and a network of 1,200+ branches and ATMs, Banorte serves millions of customers across Mexico and internationally. Historically, the company expanded through strategic acquisitions, including IXE Grupo Financiero in 2009 and Grupo Financiero Interacciones in 2013, solidifying its position as a top-tier financial group. Today, Banorte holds approximately 20% market share in Mexico’s banking sector and is known for its strong financial performance, innovation in digital banking, and commitment to sustainability and customer service excellence.