Structure

Banco Mercantil del Norte, S.A., Institucion de Banca Multiple, Grupo Financiero Banorte

• Credit institution authorized to conduct financial, banking and credit operations.

Banorte Ahorro y Prevision, S.A. de C.V.

• Act as a sub-holding company of Grupo Financiero Banorte, S.A.B. de C.V., in terms of the Law Regulating Financial Groups, maintaining its share position in the financial entities comprising the Long-Term Savings Sector.

Pensiones Banorte, S.A. de C.V., Grupo Financiero Banorte*

• Act as insurance institution whose objective is to exclusively manage annuities derived from social security laws.
  * Subsidiary of Banorte Ahorro y Prevision

Seguros Banorte, S.A. de C.V., Grupo Financiero Banorte

• Act as insurance and re-insurance institution for individuals and corporations.
  * Subsidiary of Banorte Ahorro y Prevision

Afore XXI Banorte, S.A. de C.V.**

• Open, manage and operate workers' individual accounts as well as receive, individualize and channel the resources of subaccounts under the terms of social security laws, as well as manage mutual funds.
  **Subsidiary of Banorte Futuro at 50%, which is subsidiary of Seguros Banorte

Casa de Bolsa Banorte Ixe, S.A. de C.V., Grupo Financiero Banorte

• Act as authorized intermediary to operate in the stock market, conducting sale and purchase transactions of securities; provide advice on securities’ placement and operations with securities and mutual funds.

Operadora de Fondos Banorte Ixe, S.A. de C.V., Sociedad Operadora de Fondos de Inversion, Grupo Financiero Banorte

• Carry out asset the functions of asset management, distribution, valuation, promotion and acquisition of securities issued by mutual funds, deposit and custody of securities subject to investment and of mutual funds, accounting, and management in the issuance of securities.

Arrendadora y Factor Banorte, S.A. de C.V., Sociedad Financiera de Objeto Multiple, Entidad Regulada, Grupo Financiero Banorte

• Celebrate leasing and factoring contracts.
• Obtain loans and financing from credit and insurance institutions to cover liquidity needs.

Almacenadora Banorte, S.A. de C.V., Organizacion Auxiliar del Credito, Grupo Financiero Banorte

• Store, keep and maintain goods and merchandise.
• Issue deposit certificates and pledged bonds.
• Transform deposited merchandise in order to increase their value.

Solida Administradora de Portafolios, S.A. de C.V., Sociedad Financiera de Objeto Multiple, Entidad Regulada, Grupo Financiero Banorte. 

• Obtain resources from: (i) placing securities previously rated by a Rating Agency, registered in the National Securities Registry, for later offering in the stock market, and (ii) acquiring liabilities with all types of national and international financial entities, in terms of applicable legal provisions, as well as granting loans to the automotive sector.

Ixe Servicios, S.A. de C.V.

• Service Subsidiary.