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.
The Mexican System is outdated and requires a long term fiscal commitment: Roberto González Barrera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.
Banorte launches "Cuenta Fuerte": an all-inclusive package with additional benefits
03 DE SEPTIEMBRE 2009
Includes 6 products in one, at a lower cost than if acquired individually.
Tangible benefits such as free withdrawals, consulting and unlimited checking, among others.
Free Ps 150,000 life insurance policy for accidental death and a credit card with no annual payment for the first year upon acquiring the package.
A 28 day promissory note with an interest rate 50% higher than traditional promissory notes.
Banorte launches life insurance and repatriation in Michoacan
13 DE JULIO 2009
Guarantees economic support to immigrants regardless of their residence status in the USA or Canada and protects their relatives in the event of a death.
Banorte adds the unique importance of ensuring a fitting repatriation for immigrants who die in the US or Canada to any location within the Mexican Republic indicated by next of kin.
Between 2.5 and 3 million michoacanos currently reside in the USA
Banorte registered 221,000 remittance transactions from the USA to Michoacán, evidencing the need to protect relatives of the immigrants.
Banorte initiates a Sponsored Level 1 ADR Program in the US OTC Market
12 DE JUNIO 2009
Mexico D.F., June 2009. Grupo Financiero Banorte (BMV ticker: GFNORTEO) announced the establishment of a Level 1 Sponsored American Depositary Receipt (ADRs) Program in the United States, as a consequence of the changes to Rule 12g3-2b by the Securities and Exchange Commission (SEC) on October 10th, 2008, that facilitates the establishment of sponsored and non-sponsored ADR programs for companies that do not operate in US stock markets.
Afore Banorte-Generali acquires Afore IXE's entire portfolio of clients
10 DE JUNIO 2009
This transaction implies the transfer of over 312,000 clients.
For these new clients, the transaction will mean an immediate 7% reduction in fees, maintaining high standards of service and a wider network of branches.
With this acquisition, AFORE Banorte-Generali becomes the 4th most important Afore on the market in terms of the number of affiliated workers.
Banorte will trade in Madrid's Stock Exchange "Latibex Top" Index
09 DE JUNIO 2009
BANORTE is the first Mexican bank listed in the Spanish stock market
"XNOR" began trading this Tuesday with an offering price of ¿17.45 and closed at ¿18.14 .
As of tomorrow it will be traded in the "FTSE LATIBEX TOP" index that is made up of the 16 most important Latin American companies in the market.
The placement reflects Banorte¿s shares worldwide acceptance.
Banorte listed in the Madrid Stock Market
28 DE MAYO 2009
Will form part of the FTSE Latibex All Share index.
"At Banorte we feel privileged to open the door to European financial markets through Latibex": Roberto Gonzalez Barrera.
Banorte's presence in European markets will generate greater demand for Banorte shares by European investors and will favor greater long term liquidity.
Banorte presents the market's most inexpensive credit card
12 DE MAYO 2009
The first institution to offer a 19.9% rate just by verifying an income of Ps 3,000
No possibility of being overdrawn and clients can make secure electronic banking transactions from their home or office.
Protection for up to 12 hours prior to reporting unauthorized charges, theft, loss or cloned cards
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