About Banorte
Banorte is a company based in Mexico City (Mexico) founded in 1899. Banorte has raised $230 million across 1 funding round from investors including Brysam Global Partners. The company has 33,000 employees as of December 31, 2024. Banorte has completed 3 acquisitions, including Inter National Bank, More payment evolution and UniTeller. Banorte offers products and services including Bank Accounts, Credit Cards, Loans, and Insurance. Banorte operates in a competitive market with competitors including Citi, Scotiabank, Bank of America, Banamex and Gob, among others.
- Headquarter Mexico City, Mexico
- Employees 33000 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Grupo Financiero Banorte Sab De Cv Class O
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Annual Revenue
$31.64 B (USD)0as on Dec 31, 2025
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Net Profit
$3.27 B (USD)0as on Dec 31, 2025
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EBITDA
Not available
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Total Equity Funding
$230 M (USD)
in 1 rounds
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Latest Funding Round
$230 M (USD), Private Equity Round
Jun 12, 2017
- Investors
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Employee Count
33000
as on Dec 31, 2024
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Investments & Acquisitions
Inter National Bank
& 2 more
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IPO & Listings of Banorte
Banorte is a publicly listed company on the BMV with ticker symbol GFNORTE/O in Mexico, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Banorte
Banorte offers a comprehensive portfolio of products and services, including Bank Accounts, Credit Cards, Loans, and Insurance.
Accounts for managing personal and business finances securely.
Cards for purchases and cash advances with fraud protection.
Financial loans for autos, homes, and personal needs.
Policies for life, auto, and health coverage options.
People of Banorte
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Funding Insights of Banorte
Banorte has successfully raised a total of $230M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $230 million completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Banorte
Banorte has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Brysam Global Partners.
| Investor | Description | Founded Year | Domain | Location |
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Financial services companies are invested in by Brysam Global Partners.
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Locked | Locked | Locked |
Investor details for Banorte
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Investments & Acquisitions by Banorte
Banorte has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Inter National Bank, More payment evolution and UniTeller.
Investment portfolio details for Banorte
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cross-border payment processing solutions are offered to businesses.
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Locked | Locked | 2003 | Locked | |
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Online platform for remittances
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Locked | Locked | 1993 | Locked | |
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Commercial banking services are offered to businesses and individuals.
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Locked | Locked | 1985 | Locked |
Complete acquisition details for Banorte
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Financial Statements - Banorte
Detailed financials for Banorte
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Banorte Comparisons
Peer comparison for Banorte
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Competitors of Banorte
Banorte operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Citi, Scotiabank, Bank of America, Banamex and Gob, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Diversified financial services are offered through commercial banking operations.
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking and asset management services are offered worldwide.
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Commercial banking services are offered in Mexico.
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Commercial banking services are provided to clients in Mexico.
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Detailed competitors of Banorte
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Latest news on Banorte
Complete news archive for Banorte
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Frequently Asked Questions about Banorte
Banorte was founded in 1899 and raised its 1st funding round 118 years after it was founded.
Banorte is headquartered in Mexico City, Mexico.
Banorte is a funded company, having raised a total of $230M across 1 funding round to date.
As of Dec 31, 2024, the latest employee count at Banorte is 33,000.
Annual revenue of Banorte is $31.64B as on Dec 31, 2025.
Banorte was established in 1899 and is based in Mexico City, Mexico. Operations in the commercial banking sector are conducted, with services encompassing banking, treasury, financial products, and insurance offered to individual and corporate clients. Focus is placed on the Mexican market, where annual revenues of 16.82B were achieved in 2022 alongside a net profit of 2.26B.
Banorte's top competitors include Citi, Scotiabank and Bank of America.
Banorte offers Bank Accounts, Credit Cards, Loans, and Insurance.
Yes, Banorte is publicly traded on BMV under the ticker symbol GFNORTE/O.
Banorte has made 3 acquisitions, including Inter National Bank, More payment evolution, and UniTeller.
Banorte has 1 investor. Key investors include Brysam Global Partners.
The ticker symbol of Banorte is GFNORTE/O on BMV.