Grupo Financiero Banorte, also known as GFNorte, is a Mexican financial services holding company headquartered in Mexico. Through its subsidiaries, the group provides banking, insurance, retirement, brokerage, leasing, factoring and other financial services to individuals, businesses, institutions and government entities.
Its principal operating company is Banco Mercantil del Norte, commonly known as Banorte, which offers deposits, consumer and commercial lending, mortgages, credit cards, payments, treasury services and digital banking. The group also provides insurance through Seguros Banorte, retirement and pension services through Afore XXI-Banorte, and securities brokerage and investment services through Casa de Bolsa Banorte. Other offerings include leasing, factoring and asset management solutions.
Banorte traces its banking heritage to financial institutions established in northern Mexico in the late nineteenth century and developed into a nationwide financial group through mergers and acquisitions. The company primarily serves the Mexican market through branch, ATM and digital distribution channels, with products designed for retail customers, small and medium-sized businesses, corporations and public-sector organizations.
Grupo Financiero Banorte is led by Executive Chairman Carlos Hank González and Chief Executive Officer Marcos Ramírez Miguel. The group’s strategy emphasizes maintaining a broad Mexican banking platform while expanding digital capabilities and providing integrated financial services across its business lines.
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