Banorte is recognized by LatinFinance as “Best Bank in Mexico and Latin America 2014” and as “Best Bank of 2014 in Mexico” by The Banker.
In November 2014 The Banker, through the Financial Times, honored Banorte for a second consecutive time and 7th since 2005 as “Best Bank in Mexico”. Additionally, in October 2014, Banorte was honored by LatinFinance the international journal specializing in banking and capital markets as “Best Bank of the Year in Mexico and Latin America”.
Both appointments took into consideration qualitative and quantitative factors such as security, solidity and prudence displayed by the institution. They recognized in Banorte the ability to grow through various acquisitions and mergers as was the case with the purchase of Generali’s participation in the Insurance and Annuities companies and the successful mergers of Ixe and Afore BBVA Bancomer, with which the Group has raised its market share by attending to the financial needs of new customers. Mention of GFNorte’s increased presence in the equity market was also made.
An additional factor in the assessment was the confidence that investors have shown by acquiring the stock package that allowed GFNorte to obtain fresh capital for its expansion in mid-2013, stressing that this capital increase was achieved in a context of greater volatility in international markets and an economic growth in Mexico below expectations.
Banorte, the most valuable brand in the financial industry in Mexico according to Millward Brown
In September 2014, the firm of Millward Brown presented in its BrandZ report, its ranking of the 30 most valuable brands in our country, in which Banorte was ranked among the ten most valuable brands in Mexico, and the most valuable in the financial industry.
Recognition from Institutional Investor magazine
In August 2014, Institutional Investor magazine announced the results of its rankings for the “Best Executive Team in Latin America of 2014” *, which were determined through the application of a survey to 409 fund administrators (buy-side) and 372 market analysts (sell-side). For the fifth consecutive year GFNorte’s management team and investor-relations team ranked at the top among Mexican companies and Latin American banks.
2014 Morningstar Awards
In February 2014, Operadora de Fondos Banorte Ixe was recognized at the 2014 Morningstar Awards, in the category of Best Aggressive Mixed Fund in Mexico.
- * Residual votes of the CFO voting, since on that date the RI plaza was not designated.