GBOOFGrupo Financiero Banorte, S.A.B. De C.V.

About Grupo Financiero Banorte, S.A.B. De C.V. (GBOOF)

Grupo Financiero Banorte, S.A.B. De C.V. (GBOOF) is a Banks - Regional company headquartered in San Pedro Garza Garc, Mexico whose shares trade over-the-counter on the OTCQX tier.

Grupo Financiero Banorte (GFNorte), is a leading financial institution in Mexico and the one with the broadest business diversification in the market. It operates as a universal banking institution, providing in addition, a wide array of products and services through its broker dealer, annuities & insurance companies, retirement savings funds (afore), mutual funds, leasing & factoring company, and warehousing business. Banorte is the second largest financial group in Mexico in terms of loan portfolio, the number two provider of loans to governments and the second largest bank in mortgage loans. Additionally, Afore XXI Banorte is the country's largest retirement fund manager in terms of AUM. Banorte is the only commercial bank, among the six largest institutions, that is managed by a Mexican management team. Its decisions are made locally without the influence of foreign parent companies, which have proven to be an advantage given the recent weaknesses of many global institutions.

Products and services

The main activity of GFNorte's subsidiaries is to carry out financial transactions such as rendering full-banking services, brokerage activities, leasing, factoring, general warehousing services, annuities and life and damage insurance, as well as the acquisition, disposal, administration, collection and in general negotiation any form of negotiation with credit rights.

GBOOF key facts

Ticker symbol

GBOOF

Market tier

OTCQX

Sector

Financial Services

Industry

Banks - Regional

Headquarters

San Pedro Garza Garc, Mexico

Country of incorporation

MX

Year of incorporation

1992

Employees

33,372

Estimated market cap

$21.06B (as of Apr 10, 2025)

Shares outstanding

2,813,156,594

Reporting standard

International Reporting: Bolsa Mexicana de Valores

Audit status

Audited

Fiscal year end

12/31

Latest filing

Quarterly Report (Dec 31, 2024)

Grupo Financiero Banorte, S.A.B. De C.V. leadership

• Jose Marcos Ramirez Miguel — CEO
• Rafael Victorio Arana de la Garza — COO
• Tomas Lozano — Head of IR
• Investor Relations — IR
• Miguel Angel Laurencio — IR
• Carlos Vazquez Robledo — IR
• Beatriz Ambriz — IR
• Fernando Rodriguez Valtierra — IR

Explore more: Banks - Regional stocks · Financial Services sector · OTCQX stocks · OTC stocks starting with G