Banorte was founded in 1899 in the city of Monterrey. It now operates as a financial group known as Grupo Financiero Banorte (GFNorte), offering universal banking products and services in the Mexican financial system. Banorte is currently the third largest banking institution in Mexico measured by size of loans and deposits.
At GF Norte we conceptualize sustainability as maximizing profitability and growth of the Institution, procuring at all times a balanced development among the financial, economic, social and environmental aspects inherent to our operation.
Our Mission: Building financial trust
• We are professionals and we act in good faith.
• We work for our clients.
• We achieve more working together.
• We innovate for growth.
• We take care of the world and the wellbeing of people.
With more than 22 million clients and a footprint of more than 1,300 branches and more than 6,700 ATMs nationwide, GFNorte’s main business line is retail banking, and it also provides a wide array of products and services through its broker dealer, annuities & insurance companies, retirements savings funds (Afore), mutual funds, leasing & factoring company and warehousing. GFNorte manages more than US 114 billion in assets and Banorte is the full retail bank, among the six largest institutions, that is controlled by Mexican shareholders. Its decisions are taken locally without the influence of international headquarters. In 2006, Banorte entered into the US Hispanic market through the purchase of Inter National Bank (INB), a Texas-based bank, and two remittance companies in 2007: Uniteller and Motran.
Grupo Financiero Banorte & Sustainability
GFNorte’s shares trade in the Mexican Stock Exchange (BMV) with the ticker “GFNORTEO”, in the Madrid Stock Exchange under the symbol “XNOR” and in the US ADR OTC market under “GBOOY”. GFNorte is listed on the Índice IPC Sustentable, the BMV’s sustainability index, is signatory and responder to the CDP, is signatory to the Natural Capital Declaration and through Banorte, its largest subsidiary, to the Equator Principles.