With almost 120 years of local experience and our firm commitment to continue being the strong bank of Mexico, Banorte is the ideal partner for Mexicans doing business abroad as well as for foreign companies and financial institutions that want to invest and conduct international trade and infrastructure business in Mexico. In order to become the best financial group in Mexico, we not only make our decisions locally, we make them with all Mexicans.


Banorte was founded in 1899 in the city of Monterrey and it now operates as a financial group known as Grupo Financiero Banorte (GFNorte) offering universal banking products, as well as a wide array of services, products and solutions through its broker dealer, annuities and insurance companies, retirement savings funds (Afore), mutual funds, leasing and factoring company and warehousing. As of June 2018, GFNorte has US$70bn in assets, US$33bn in loans, US$33bn in deposits and holds US$128bn in assets under management. Banorte is a leading provider of loans to local and federal governments, the second most important bank in mortgages and has consolidated its position as one of the most profitable banks in Mexico.

With over 115 years of experience, Banorte is the second-largest bank in Mexico with a solid infrastructure and leading position in the Mexican system, deep knowledge of the local marketplace, and comprehensive capabilities to provide a wide array of banking services and financial solutions.

Banorte can be your best strategic partner and business advisor in Mexico in order to satisfy your company’s international business needs and requirements thanks to our network of BanorTrade hubs located in the main business centers of Mexico.

BanorTrade is a team of experts specialised in trade services and finance, bank guaranties and international treasury services and global payments, offering market-leading and tailor-made solutions, in order to service and interact with local and global corporate groups, SMEs, local and federal government entities, correspondent banks, export credit agencies, as well as exporters, indirect exporters, importers, traders, producers and farmers, among others.

Banorte is the only commercial bank, among the six largest financial institutions in the country, that is managed by a Mexican management team. Its decisions are made locally without any influence of foreign matrices, which has proven to be a clear advantage. Thanks to our local nature, the BanorTrade team provides a comprehensive scheme of banking and financial services that respond in a more agile and adequate way to the local needs faced by companies and entities in the Mexican market on a daily basis.

Our BanorTrade’s products and services include:

  • Trade finance: export, import and pre-export trade advances for corporates, SMEs and local and federal government entities.
  • Trade services: import, export and domestic commercial letters of credit, standby letters of credit, counter guarantees and other bank guarantees.
  • Structured trade finance: export and finance, as well as supply chain finance.
  • Trade finance and services for correspondent banks and other foreign financial institutions.

If you are considering starting a business in Mexico, or are already doing so, get in touch with our staff and set up a meeting. Our BanorTrade team will understand your needs and offer a tailored solution for you in shorter response times than market average.


Banorte joins SWIFT gpi

Banorte recently joined SWIFT’s global payments innovation (gpi) and looks forward to improving and extending their customer experience with the high quality service of increased speed, transparency, and traceability that is offered through SWIFT gpi.

“SWIFT gpi is aligned with our strategic goals by leveraging innovation to improve our current products and services while helping us meet our client expectations. SWIFT gpi is rapidly becoming the new standard for cross-border payments and we believe that it will allow us to deliver to our clients an improved customer experience, provide an extra value proposition while being a natural complement of SWIFT secure financial messaging services,” says Banorte.

As a global initiative designed to deeply transform the cross-border payments experience, SWIFT gpi is rapidly spreading across the world with more than 200 banks already signed, covering more than 600 country corridors that represent nearly 80% of SWIFT global payment flows. Nearly 30% of cross border MT103 are sent today as gpi and about 50% of its payments are completed and credited to beneficiaries in less than 30 minutes, enabling banks to deliver a much faster service while cutting bank enquiries by as much as 50%.