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Banorte Snapshot
Grupo Financiero Banorte is one of Mexico's leading bank groups, and the largest bank not owned by a foreign company. Banorte provides banking, lending, investment, and money exchange services through more than 1,100 branches. It serves the retail, corporate, and government markets; loans for the retail and manufacturing industries make up a large part of its lending portfolio. The group also has a microlending unit. Banorte subsidiaries offer pension management, insurance, annuities, leasing, and factoring services. The group has grown quickly through big-ticket bank acquisitions, including Bancrecer, Bancentro, and the state-controlled Banpais. It also owns South Texas-based Inter National Bank.
