Who owns Banorte and what year was it founded?

Banco Mercantil del Norte, or Banorte, was established in Monterrey, Nuevo León, in 1899. For over a century, Banorte has been a mainstay of Mexico’s financial industry.

Being one of the most prominent and influential banking organizations in the nation, its founding signaled the start of a long and rich history in the national economy.

Banco Mercantil del Norte, or Banorte, was established in Monterrey, Nuevo León, in 1899. For over a century, Banorte has been a mainstay of Mexico’s financial industry.

Being one of the most prominent and influential banking organizations in the nation, its founding signaled the start of a long and rich history in the national economy. In addition to using traditional banking to strengthen its position in the Mexican market, the firm has strategically diversified its offerings to include fund management, insurance, pensions, and other financial services like digital or neobanks.

Carlos Hank González, the head of Banorte’s board of directors, is its main shareholder and CEO. The bank acknowledges that, as a result of its leadership, it has been able to sharpen its emphasis on innovation and sustainability and establish itself as a financial institution dedicated to the nation’s social and economic advancement.

A few weeks ago, Banorte ranked second among the country’s largest banks, with total assets of one trillion 791,930 million pesos, representing 13.08% of the Mexican financial system.

Read more stories about Carlos Hank here: https://financialtipster.com/?s=carlos+hank