Grupo Financiero Banorte S.A.B. de C.V. (GBOOF)
OTCQX OTCQX Primary Summary
Grupo Financiero Banorte: Attractive Valuation For An Industry Leader
Banorte stands out as Mexico's only major locally owned bank, leveraging a vast branch and ATM network for strong client relationships and cross-selling. Its diversified business model spans consumer loans, asset management, insurance, and retirement funds, ensuring revenue stability and growth. Banorte's return on equity has risen impressively to 23.6% in 2Q 2025, outpacing industry averages due to efficiency and digital investments.
Banorte: A Rally With Good Fundamental Backing
Banorte has been on a tear this year. The fundamental backdrop remains supportive. Plenty of reward still on offer for patient investors.
Grupo Financiero Banorte: Sit And Wait For The Re-Rate
Grupo Financiero Banorte has been unfairly penalized for events outside of its control. But the overhang is starting to clear and a big re-rating could be on the cards. Patient investors get paid a well-covered yield to wait things out.
Grupo Financiero Banorte S.A.B. de C.V. (GBOOF) FAQ
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Grupo Financiero Banorte S.A.B. de C.V. Profile
| Banks Industry | Financials Sector | Mr. Jose Marcos Ramirez Miguel CEO | OTCQX Exchange | MXP370711014 ISIN |
| Mexico Country | 33,766 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Grupo Financiero Banorte, S.A.B. de C.V. is a major banking and financial services institution based in Mexico City, Mexico, providing a wide range of financial products and services both domestically and internationally. Established in 1899, the company has grown to encompass a variety of financial activities through its subsidiaries, catering to individual customers, small and medium enterprises (SMEs), and corporations. Its comprehensive services include banking, investment planning, asset management, brokerage, insurance, and various financing options, making it one of the leading financial groups in Mexico.
Products and Services
- Banking Accounts - Offers checking, current, retirement, and payroll accounts to cater to the diverse needs of its customers.
- Loans - Provides a wide array of loan services including mortgage, car, payroll, personal, structured, syndicated, and SME loans, accommodating both individual and corporate financing needs. Credit card services are also available.
- Financing Solutions - Specializes in letter of credit financing, acquisition funding, and both import and export foreign trade financing, supporting businesses in their global trade activities.
- Investment and Wealth Management - Engages in investment planning, foreign currency exchange, financial advising, brokerage services, and asset management, assisting clients in growing their wealth and managing investments effectively.
- Investment Banking - Offers investment banking services, including letters of credit, bank guarantees, along with leasing and factoring activities, serving the complex financial needs of corporations and entrepreneurs.
- Mutual Funds and Securities - Sells mutual funds and both debt and capital market instruments, providing a variety of investment options for individual and institutional investors.
- Insurance - Provides comprehensive insurance services covering car, home, life, medical, employee, and SMEs, offering protection and peace of mind to its customers and their assets.
- Cash Management Services - Offers an array of cash management services, including collection services, trustees, payroll management, and lines of credit, aimed at optimizing the financial operations of businesses.
- Electronic Banking and Payment Solutions - Provides online banking, point of sale (POS) systems, payment, and reconciliation services, enabling convenient and secure financial transactions.
- Trade Services - Offers documentary collection, import bills of exchange discount, international wire transfers, remittances, alongside storage, inventory management, and logistics solutions to facilitate international and domestic trade.
Contact Information
