Grupo Financiero Banorte SAB de CV - Company Profile

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Grupo Financiero Banorte SAB de CV: Overview

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Grupo Financiero Banorte SAB de CV (GFNorte) is a leading financial institution in Mexico, offering a broad range of traditional and digital financial products and services. The company's main activities include banking, insurance, retirement savings, mutual funds, leasing, factoring, and warehousing. The company serves a diverse customer base, including individuals, small and medium enterprises (SMEs), corporations, and government entities, providing services such as checking and deposit accounts, loans, insurance, and investment planning. GFNorte operates through various channels, including internet, mobile banking, call centers, branches, ATMs, and correspondents. The company has a nationwide presence in Mexico and also caters to international clients. GFNorte is headquartered in Mexico City, Mexico.

 Gain a 360-degree view of Grupo Financiero Banorte SAB de CV and make more informed decisions for your business Gain a 360-degree view of Grupo Financiero Banorte SAB de CV and make more informed decisions for your business Learn more
Headquarters Mexico
Address Av. David Alfaro Siqueiros, #106 Col. Valle Oriente San Pedro Garza Garcia, Monterrey, 66260
Website www.banorte.com
Telephone 52 81 83196500
No of Employees 32,392
Industry Financial Services
Ticker Symbol & Exchange GFNORTEO (MXK)
Revenue (2024) $27.8B 9.2% (2024 vs 2023)
EPS XYZ
Net Income (2024) XYZ 7.2% (2024 vs 2023)
Market Cap* $31.2B
Net Profit Margin (2024) XYZ -1.8% (2024 vs 2023)
* As of and is in US$
View Grupo Financiero Banorte SAB de CV financials
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Grupo Financiero Banorte SAB de CV premium industry data and analytics

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IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Grupo Financiero Banorte SAB de CV (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Grupo Financiero Banorte SAB de CV’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Accounts: Factoring
Checking Remittance
Payroll Estate planning
XYZ XYZ
XYZ XYZ
XYZ XYZ
Understand Grupo Financiero Banorte SAB de CV portfolio and identify potential areas for collaboration Understand Grupo Financiero Banorte SAB de CV portfolio and identify potential areas for collaboration Learn more

History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2025 Divestiture In September, the company sold Banco Bineo to Clearscope Holdings, a content optimization platform.
2025 Contracts/Agreements In September, the company signed an agreement to sell Bineo to Klar.
2025 Contracts/Agreements In April, the company signed an agreement to acquire RappiCard for US$50 million.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Learn more
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Competitor Comparison

Key Parameters Grupo Financiero Banorte SAB de CV Grupo Financiero BBVA Mexico SA de CV Grupo Financiero Inbursa SAB de CV Banco Nacional de Comercio Exterior SNC Grupo Profuturo SAB de CV
Headquarters Mexico Mexico Mexico Mexico Mexico
City Monterrey Mexico City Miguel Hidalgo Mexico City Mexico, D.F.
State/Province - Mexico City - Mexico City -
No. of Employees 32,392 48,198 9,215 - 3,823
Entity Type Public Private Public Private Public
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Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Learn more
Executives
Name Position Board Since Age
Carlos Hank Gonzalez Chairman Executive Board 2015 -
Jose Marcos Ramirez Miguel Chief Executive Officer; Director Executive Board 2014 -
Rafael Arana de la Garza Chief Financial Officer; Chief Operating Officer Senior Management - -
Carlos de la Isla Corry Director Non Executive Board 2020 -
Juan Antonio Gonzalez Moreno Director Non Executive Board 2004 -
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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