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

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.