About Banorte
Banorte is a publicly listed company based in Mexico City (Mexico) founded in 1899. Commercial banking services are provided to individuals and corporations. Banorte has raised $230 million across 1 funding round from investors including Brysam Global Partners. The company has 33,000 employees. Banorte has completed 3 acquisitions, including Inter National Bank, More payment evolution and UniTeller. Its website banorte.com draws about 5.4 million monthly visits. Banorte offers products and services including Bank Accounts, Credit Cards, Loans, and Insurance. Its focus areas include Banks and Commercial Banks. Its legal entity is Grupo Financiero Banorte. Its competitors include Banamex and Gob.
Company details
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.
- Headquarters Mexico City, Mexico
- Employees 33,000
- Stage Public
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Website banorte.com
- Social X Facebook Instagram YouTube
- Legal Name Grupo Financiero Banorte Sab De Cv Class O
- Annual Revenue$25.32 B (USD)as on Dec 31, 2025
- Net Profit$3.27 B (USD)4.63as on Dec 31, 2025
- Total Equity Funding$230M (USD)
in 1 rounds
- Latest Funding Round$230M (USD), Private Equity Round
Jun 2017
- Investors
- Employee Count33,000
- Investments & AcquisitionsInter National Bank
& 2 more
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.
Apps and channels of Banorte
its YouTube channel Banorte has 34.1K subscribers and 30 videos.
Videos from Banorte
The most watched videos on Banorte's YouTube channel, Banorte (34.1K subscribers). Click a video to play it here.
More on Banorte.
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.
- Total Funding $230M
- Total Rounds 1
- Last Round Private Equity Round — $230M
- First Round $230M
(Jun 2017)
- Investors Count 1
All 1 funding rounds of Banorte with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $230M | Private Equity Round | – | – |
1 investors in total: 1 institutional.
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 |
|---|---|---|---|---|
Financial services companies are invested in by Brysam Global Partners. | brysam.com | New York, United States |
Investor details for Banorte
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People of Banorte
14 people are tracked at Banorte (7 in leadership, 1 in board & advisors, 6 in team); the tracked headcount is 33,000.
| Name | Role | Group |
|---|---|---|
Candy Guerra | Director | Leadership |
Nadya Ramírez Serrato | Deputy Director of Corporate Communication | Leadership |
Jose Marcos Ramirez Miguel | Chief Executive Officer | Leadership |
Alonso Treviño Rendon | Deputy Director Of Innovation And Digital Development | Leadership |
Felipe Arturo Medina Estrada | Director Ejecutivo Captación Personas Físicas | Leadership |
Francisco Martha Gonzalez | Director General De Desarrollo De Negocios Digitales | Leadership |
Rafael Fragoso | Director Ejecutivo De Banca Digital | Leadership |
Carlos Hank González | Chairman of the Board of Directors of Grupo Financiero Banorte | Board & advisors |
Alejandro Gonzalez | Subdirector banca personal | Team |
Perla Moreno Cobos | Ingeniero De Aplicaciones | Team |
Norma Saldana | Manager Of Operations | Team |
Abdiel Martínez | Ingeniero De Aplicaciones | Team |
Gustavo Ramirez Mata | Asesor Financiero Sr | Team |
Giovanni Omar Resendiz Flores | Subdirección Desarrollo TI - Banca Digital | Team |
Complete people profiles for Banorte
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
- IPO date01 Oct 2015
- Listed onOTCMKTS: GBOOF
- Listed entityGrupo Financiero Banorte SAB de CV Class O
- Exchange sectorFinance
- ISINMXP370711014
- Share price196.56 MXN (+1.9% on the day) · 2026-10-13
- Market capitalisation545,387,193,538.00 MXN
- Price to earnings9.1
- EPS (diluted, trailing year)21.57 MXN
- Dividend yield8.87%
- Volume (last session)6,943,682
Financials of Banorte
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 455.11B MXN | 58.79B MXN | |
| 2024 | 450.23B MXN | 56.19B MXN | |
| 2023 | 414.48B MXN | 52.42B MXN | |
| 2022 | 304.64B MXN | 45.41B MXN | |
| 2021 | 214.99B MXN | 35.05B MXN |
Detailed financial statements for Banorte
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cross-border payment processing solutions are offered to businesses. | morepaymentevolution.com | Montevideo, Uruguay | 2003 | Aug 2024 | •••• | |
Commercial banking services are offered to businesses and individuals. | inbweb.com | Mcallen, United States | 1985 | Jun 2006 | •••• | |
Online platform for remittances | uniteller.com | Mcallen, United States | 1993 | Apr 2006 | •••• |
Complete acquisition details for Banorte
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Banorte
6 dated milestones of Banorte across 125 years, from founding to its latest funding, stage changes and deals.
- Founded Banorte is founded.
- Acquisition Acquires UniTeller.
- Acquisition Acquires Inter National Bank.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $230.0M.
- Acquisition Acquires More payment evolution.
Competitors of Banorte
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| banamex.com | 1884 | Mexico | Commercial banking services are offered in Mexico. | |||
| gob.mx | 2009 | Monterrey, Mexico | Commercial banking services are provided to clients in Mexico. |
Detailed competitors of Banorte
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Web traffic of Banorte
The website of Banorte (banorte.com) receives about 5.4M visits a month and ranks #7,088 among all websites worldwide, #450 in Financial Planning and Management.
- Monthly visits5.4M
▼ 10.5% vs previous month
- Unique visitors1.5M
per month
- Global rank#7,088
among all websites
- Category rank#450
Finance · Financial Planning and Management
- Bounce rate30%
- Pages per visit7.1
- Average visit6 min 48 sec
- DevicesDesktop 62% · Mobile 38%
Websites whose visitors overlap most with Banorte. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
santander.com.mx | santander.com.mx | 100% | #8,203 | – | |
| banamex.com | 98% | 8.6M | #4,191 | View details | |
| bbva.mx | 79% | 9.2M | #6,732 | View details | |
| banregio.com | 79% | 965.2K | #38,346 | View details | |
bbvanetcash.mx | bbvanetcash.mx | 74% | #47,132 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Banorte
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Related news about 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. The company's 1st funding round was a Private Equity Round of $230M, raised on Jun 2017.
Banorte has 33,000 employees.
Annual revenue of Banorte is $25.32B 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 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.
Banorte operates through Grupo Financiero Banorte.