FAQs

Where are its main offices located?

Social Responsibility in GFNorte.

Grupo Financiero Banorte (GFNorte) defines sustainability as maximizing profitability and growth of the Financial Group, ensuring at all times the balanced development among the economic, social and environmental aspects of our operations, as well as corporate governance. Our sustainability performance has allowed us to be part of the Bolsa Mexicana de Valores, Dow Jones and FTSE4Good Sustainability Indices, among others; moreover, we are signatories of the UN Principles of Responsible Investment, the UN Global Compact, and the Equator Principles. Our vision and actions are oriented towards the generation of value to our stakeholders, and at the same time to ensure our successful continuance as a company in the long term.

For more detail on the Social Responsibility program, please refer to the following link:

Social Responsibility Program.

Comprehensive Annual Report 2016 - Grupo Financiero Banorte.

Which is the firm that audits GFNorte?

As of 2005, the firm Galaz, Yamazaki, Ruiz Urquiza, S.C. has audited GFNorte’s Financial Statements. Likewise during this period, the firm of auditors has not issued a negative opinion or opinion with exception, nor have i abstained from issuing an opinion about GFNorte’s Financial Statements.

In which market is GFNorte’s stock listed?

GFNorte’s ordinary shares are traded in:

• Mexican Stock Exchange (BMV) under the ticker “GFNORTEO”.
• Madrid Stock Exchange through the Latin American Stock Market "Latibex", under the symbol XNOR. One share of XNOR represents 10 shares of GFNorte.

Moreover, a Level 1 Sponsored Program of ADRs was established in the United States, operating in the OTCQX market under the “GBOOY” symbol, each ADR represents 5 shares of GFNorte. The depositary bank is Bank of New York Mellon.

Web Pages: www.bmv.com.mx, www.latibex.com y www.otcmarkets.com.

Online stock’s quote.

Click here

Sustainability Index

• IPC Sustentable (Sustainable IPC, Mexican Stock Exchange)
• Dow Jones Sustainability Emerging Markets Index
• FTSE4Good Emerging Index (London Stock Exchange)
• Stoxx Global Climate Change Leaders Index
• Euronext ‐ Vigeo EM 70 Index
• A List: CDP Climate Performance Leadership Index
• Bloomberg Financial Services Gender-Equality Index
• Global Initiative Report (GRI Standards)
• GEI2 Programme Mexico
• Principles for Responsible Investment

Applicable taxation for shares’ sale

Applicable taxation for shares’ sale through the BMV to individuals and corporations residing in Mexico and / or abroad is provided, among others, in Articles 22, 23, 56, 126, 129, 161 and other applicable provisions of the Income Tax Law and Fiscal Miscellany Resolutions. Investors should consult their tax advisors the effects of the acquisition, holding and disposal of shares.

How many outstanding shares does GFNorte have?

At the end of September 2018, the number of outstanding shares was 2,883.45 million.

What is GFNorte’s float?

Under the methodology approved by the CNBV for issuer companies, GFNorte’s float is approximately 90%

Which rights do shareholders’ have?

They may be consulted in the Article Twelve “Title to Shares and Shareholders’ Rights” of GFNorte’s Corporate Bylaws:

Corporate Bylaws.

How does the repurchase fund works?

Article Seventeen “Acquisition and Placement of the Company’s Own Shares” of GFNorte’s Corporate Bylaws set the rules on which the company may acquire shares of its capital stock:

Corporate Bylaws.

The Annual General Shareholders’ Meeting held in April 2018 approved to allocate the amount of Ps4,886’000,000.00 (Four thousand, four hundred and eighty six million pesos 00/100), equivalent to 1.5% of the Financial Groups’ market capitalization value as of December 2017, charged against equity, to purchase Company’s shares during 2018, and will consider those transactions to be carried out in 2018 and until April 2019, subject to the Treasury’s Policy for Transactions with Shares.

Which is our dividend policy?

GFNorte's Ordinary General Shareholders’ Meeting held on November 19th, 2015, approved to modify the Dividend Policy, which was effective since October 2011.

As of November 2015, the Policy establishes that the dividend payment can be between 16% and up to 40% of the net income of the prior year.

• For reference, the former Policy which decreed dividends established a payment between 16% and 20% of the recurring net income depending on its annual growth.

Dividend history and calendar

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Where is the ADR listed, which is its symbol and convertibility?

In June 2009, Grupo Financiero Banorte established a Level 1 Sponsored Program of ADRs in the United States, which allows it to operate in "Over the Counter" markets without having to be listed in the NYSE or NASDAQ. The shares operate under the GBOOY symbol, and each ADR represents 5 shares of GFNorte. On July 15, 2010, the Level 1 ADR program was authorized to operate in the OTCQX International Premier platform.

At the end of September 2018 there were 7,358,556 outstanding ADRs.

Which is the ADRs’ Depositary Bank?

Bank of New York Mellon.
Relationship Manager New York: Michael Vexler
Tel: 212 815 2838
Fax: 212 571 3050
Email: michael.vexler@bnymellon.com

BNY Mellon Depositary Receipts Website

www.adrbnymellon.com

Where can I get more information on GFNorte’s ADR?

www.adrbnymellon.com

ADR dividend history

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Caused taxes / fees

For dividend payment, Bank of New York Mellon charges a 12% fee over the payable amount.

Do the ADR holders have the right to vote?

Yes, and are exercised trough a proxy card provided by Bank of New York Mellon to all ADR holders.

What are the main differences between Mexican Banking GAAP and U.S. GAAP?

Significant Differences Between Mexican Banking GAAP and U.S. GAAP