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Ixe Banco, S.A.- Grupo Financiero Banorte (Mexico)

Main Activities: Commercial Banking
Full name: Ixe Banco, S.A.- Grupo Financiero Banorte Profile Updated: March 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Ixe Banco, S.A.- Grupo Financiero Banorte is a leading financial institution in Mexico City - Cuajimalpa. It is known for its innovation in the financial sector and offers a wide range of traditional and digital products and services through its brokerage house, pension and insurance companies, retirement funds, investment funds, leasing and factoring companies, and warehousing. Banorte is the second largest financial group in Mexico in terms of loan portfolio and is the second most important bank in mortgage loans. It is also the second largest provider of government loans. Banorte's decisions are made locally without the influence of external headquarters, allowing the bank to adapt quickly to changes and alternatives in the country. Additionally, Banorte's retirement fund administrator, Afore XXI Banorte, is the largest in the country in terms of managed resources.

Headquarters
Paseo De La Reforma No. 505, Piso 45, Colonia Cuauhtemoc
Mexico City - Cuajimalpa; Federal District of Mexico City; Postal Code: 06500

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Website: http://www.ixe.com.mx

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
January 28, 2005
Key Executives
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President
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Chief Executive Officer
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Chief Legal Officer
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Accounting Manager
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Internal Auditor
Subsidiaries
Ixe Tarjetas, S.A. de C.V.
50%
Company Performance
Financial values in the chart are available after Ixe Banco, S.A.- Grupo Financiero Banorte 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
18.22%
Net fee and commission income
6.21%
Operating profit (EBIT)
21.37%
Net Profit (Loss) for the Period
22.47%
Total assets
8.83%
Deposits from customers
22.44%
Total equity
6.89%
Cost to Income Ratio
-3.66%
Loans to Deposits Ratio
-6.26%
Loans to Asset Ratio
0.41%

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