What does Banorte stand for?

Grupo Financiero Banorte, S.A.B. de C.V., doing business as Banorte ( Banco Mercantil del Norte) and as Ixe, is a Mexican banking and financial services holding company with headquarters in Monterrey and Mexico City. It is one of the four largest commercial banks of Mexico by assets and loans, and the largest retirement fund administrator.

What is Grupo Financiero Banorte?

Grupo Financiero Banorte The second largest financial group in the country, with the broadest business diversification in the market. skip to main content IR Home Company About GFNorte Structure History Investment Case Innovation Awards Financial Information Quarterly Reports Annual Reports Financial Statements News & Events

Who is Banorte XXI?

Banorte is the second largest financial group in the country, the main provider of loans to governments and the second most important bank in mortgages. The retirement savings fund company Afore XXI Banorte, is the largest in the country in AUMs.

Is Banorte a commercial bank?

It is one of the four largest commercial banks of Mexico by assets and loans, and the largest retirement fund administrator. Grupo Financiero Banorte operates its commercial bank under the brands Banorte and Ixe, offering savings accounts, credit cards, payday loans, mortgages, commercial loans and auto loans.