News
Get to know the latest news about Grupo Financiero Banorte. In this section you will find the press releases, and other communications of general interest.
Banorte, first to offer salary advances
19 DE JULIO 2010
Banorte launches a new nation-wide financing option for Payroll clients.
Contrary to traditional payroll loans, this is line of credit for emergencies or short term set-backs.
Up to Ps 10,000 which is automatically deducted in two comfortable fixed monthly installments of the next 2 months.
Payroll Advance is processed at the branch and once liquidated is available again 24 hours a day, at ATMs or via Internet banking, without additional processes or credit studies.
Banorte and 7- Eleven, the first to offer financial services in convenience stores
15 DE JULIO 2010
CNVB authorizes third party correspondent operations
The signed agreement makes financial services available to more Mexicans in over 1,150 7-Eleven stores
Services include deposits to Banorte accounts, payment of Banorte credit cards and other services with even more extensive banking hours including Saturdays, Sundays and official holidays.
Banorte begins operations in OTCQX International Premier, an electronic platform to operate OTC Level I ADR programs
15 DE JULIO 2010
Banorte begins operations in OTCQX International Premier, an electronic platform to operate OTC Level I ADR programs.
Banco Mercantil del Norte Issues US $300 million dollars of Senior Unsecured Debt in the International Debt Capital Markets
14 DE JULIO 2010
Monterrey, N.L. July 14 2010.- Grupo Financiero Banorte (GFNorte) informs that Banco Mercantil del Norte, its banking subsidiary, successfully completed today the issuance of US $300 million dollars of Senior Unsecured Debt (Senior Notes) through its Grand Cayman branch. The offering and placement of these securities was led by JP Morgan.
Banorte supports families and companies affected by hurricane ALEX
08 DE JULIO 2010
BANORTE seeks to alleviate the financial burden of clients affected by "Alex" in the Mexican states of Nuevo León, Coahuila and Tamaulipas, granting special conditions for payments, rates and commissions.
Helping with loans related to credit cards, car loans, payroll, personnel, mortgages and businesses.
Banorte and its employees have collected 1.4 million pesos to support affected coworkers and Fundación Banorte has collected more than half a million pesos.
Grupo Financiero Banorte, certified as "A GREAT PLACE TO WORK" in Mexico in 2010
29 DE MARZO 2010
In its first year in the "Great Place to Work" ranking, Banorte was rated one of the top ten companies with 5,000 or more employees.
For the "Great Place to Work Institute" certification, Mexico conducted a survey of the 400 participating companies' employees, as well as a review of their human resources policies.
"This recognition motivates us to continue investing in our human resources": Alejandro Garay Espinosa, General Director of Corporate Services, Grupo Financiero Banorte.
The Mexican Financial System is more solid than in the crisis of '95: Alejandro Valenzuela
10 DE NOVIEMBRE 2009
BANORTE pays taxes on a timely basis and the maximum income tax rate of 28%.
In 2008, BANORTE paid a total tax rate of 34.68% that includes income tax and employee profit sharing.
The Mexican System is outdated and requires a long term fiscal commitment: Roberto González Barrera
09 DE NOVIEMBRE 2009
Fiscal measures approved by Congress are temporary and should be thoroughly revised.
The banking sector is well capitalized but should continue to be managed cautiously.
Appeals to work together with the President to overcome this unprecedented crisis.
Proposes 7 actions for the country's recovery.
CNBV's first authorization allowing a bank to operate through third party correspondents
01 DE OCTUBRE 2009
BANORTE will use TELECOMM-TELEGRAFOS' network of 1,575 offices.
Transforming both institutions into financial service lending leaders with this new alliance.
Providing financial services in areas with no banking infrastructure.
"Anniversary Mortgage", Banorte's newest product to support Mexicans
09 DE SEPTIEMBRE 2009
For its 110th Anniversary, Banorte reduces rates to 11.0% and opening commissions to 1.10%
Offers the lowest initial payment on the market and unemployment insurance.
Clients obtain easy access to the only mobile phone mortgage quote tool on the market to help them make the best decision when acquiring a home.
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