Grupo Financiero Banorte, S.A.B. de C.V., is a Mexico-based financial services holding company whose principal banking subsidiary is Banco Mercantil del Norte, commonly known as Banorte. The group provides financial products and services to individuals, small and medium-sized businesses, corporations, government entities and institutional clients throughout Mexico.
Its business activities include commercial and consumer banking, corporate and investment banking, mortgage and auto lending, deposits, credit cards, cash management, and other financing solutions. Through its specialized subsidiaries, Grupo Financiero Banorte also offers insurance, retirement savings and pension administration, brokerage services, investment funds, leasing and factoring, and other wealth-management products.
The group traces its banking heritage to the late 19th century and has developed into one of Mexico’s major financial institutions through organic growth and acquisitions. Its operations are primarily focused on the Mexican market, with services delivered through branches, digital channels and specialized financial platforms. Banorte’s shares trade in Mexico, while the company’s securities are also available in the over-the-counter market in the United States under the symbol GBOOF.
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