Banorte
Banking and financial services · Mexico
Banorte is a Mexican financial group whose bank takes deposits and lends to households, companies and governments across Mexico, alongside insurance, annuities, a pension fund manager and brokerage.
What makes it different
It writes four in ten Mexican pension annuities.
40.0%Share of Mexico's pension annuitiesDec 31, 2025
Pensiones Banorte turns retirees' social-security savings into lifetime annuities, a long-term business few banks run.
How big it is
How big is Banorte?
13.4MBank customers2025
34,556Employees2025
How it makes money FY2025
Mostly banking, plus insurance and pensions.
- BankingMX$46.5B
- Insurance, annuities and pensionsMX$11.1B
- Brokerage and fundsMX$1.5B
- Leasing, factoring and warehousingMX$1.3B
How the business works
Cheap deposits. Consumer loans. Long-term savings.
- 1Mexican demand deposits
- 2Consumer and government loans
- 3Insurance, annuities, Afore
Seventy percent of deposits sit in demand accounts, so funding is cheap while lending tilts to higher-yield auto, payroll and card loans.
Who owns it
CEO: José Marcos Ramírez Miguel
Who it competes with
Key moments
- 1899Banco Mercantil de Monterrey founded
- 2012Afore XXI Banorte created with IMSS
- 2018Merger with Grupo Financiero Interacciones
- 2020Alliance with Rappi
- 2025Agreement to sell Bineo
Sources
Every number on this page comes from Banorte's own reports.
Full profile
The rest of the story is in the app.
What Banorte tracks20 metrics
Bank customers
Active Banorte Móvil customers
Branches
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
The full timeline10 moments
2013
2017
2025
Banorte vs BBVA Méxicoside by side
Revenue
Profit
People
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