Banorte’s Specialized Banking includes agricultural banking, tourism and real estate, all within the structure of wholesale banking. Our role is to participate with a critical view of experts and support the relationship with Corporate and Business clients.
Agricultural banking enjoyed a remarkable year, with growth exceeding 20% of the financed volume, which resulted in a portfolio over Ps 22.000 billion. The growth was mainly in the segments of cattle, pork and vegetables.
Additionally, the grain program (corn, sorghum and wheat) continues to boost growth with certificate of deposit guarantees and FIRA para-finance schemes.
Real estate banking has worked on adapting the different bridge loan schemes, enabling us to meet the current needs of our customers. During the year the national organization for the release of paid-up loans (Mesa Nacional de Liberaciones) was consolidated with the support of Business and Corporate executives in the partial liberation of mortgages. The volume of paid-up mortgages surpassed 4,300 units.
2016 was very good year for Tourism Banking with the financing of large hotel projects. Projects at beach destinations were analyzed, mainly in cities like Cancun and Los Cabos, city hotels were primarily in Mexico City, Monterrey, Guadalajara and Zacatecas where we have accumulated extensive experience.
During the year we finished consolidating the programs that monitor technical opinions with the aim of providing the executive with the necessary opportune and quality opinions of specialists to the respective credit committees.
Our role is to participate with a critical view of experts and support relationships with Corporate and Business clients.