Banorte intends to boost its loan portfolio by ten percent by 2025

Given the high demand for finance for subnational governments (states) as a result of the dynamism of nearshoring, Grupo Financiero Banorte expects to increase its lending to states by around 10% by 2025.

The firm stated that the focus of this growth would be on infrastructure development, which is required to accommodate huge multinational consortiums seeking to settle in various Mexican states.

Carlos Hank González, Chairman of Grupo Financiero Banorte, stated that the organization has extensive expertise in infrastructure finance. “We have participated in a number of infrastructure financing. We are planning to be an important player in the energy projects of this federal government with the private initiative, to support and finance some project for the energy sector,” said the president of the institution.

Hank González ruled out the risk of an economic slowdown for Mexico next year, but reiterated that Banorte continues and will continue to be an ally for the country’s economic development.

On its website, banorte.com, the group offers financial solutions to public agencies, either to acquire financing or advice, with better credit conditions and terms.