Banorte is the largest Mexican-owned bank in a market dominated by global giants. It has transformed from a northern regional lender into a nationwide financial group that now holds more retirement savings than any other manager in the country. Full nameGrupo Financiero Banorte S.A.B. de C.V. Tickers / exchangeGFNORTEO (BMV); also XNOR (Latibex) HeadquartersMonterrey and Mexico City, Mexico SectorFinancial Services — Banking Employees35,176 Market valueMXN 500.9 billion (US$ 28.6 billion) Yearly salesMXN 247.5 billion (US$ 14.1 billion) Net profitMXN 58.8 billion (US$ 3.4 billion) Net margin41.8% Return on equity23.5% Price-to-earnings8.3 …
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