Created on: 2017-01-31 11:30:38
Last update: 2017-01-31 11:30:38
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About Banco Mercantil del Norte (Banorte)
Banco Mercantil del Norte Monterrey. Photo: Marioli925 via Wikimedia Commons (CC BY-SA 3.0)Banco Mercantil del Norte S.A. (Banorte) is a subsidiary of Grupo Financiero Banorte, and is a Mexican banking and finanical services holding company. It is one of the four largest commercial banks of Mexico and the largest domestically held bank. Banorte offers various banking products and services to individuals and small and mediumsized enterprises in Mexico and the United States.
The bank was founded in 1899 and is headquartered in Mexico City. At the end of 2015 Banorte controlled assets worth MXN 1,198,476 million.
Banorte adopted the Equator Principles in 2012, and the bank is profiled as part of our Equator Principles Track and Chase project.
| Website | http://www.banorte.com |
| Headquarters |
Avenue Revolucion 3000
NL 64830 Monterrey
Mexico
|
| CEO/chair |
Jose Marcos Ramirez Miguel CEO |
| Supervisor | |
| Annual reports |
Annual report 2015 Financial statement 2015 |
| Ownership |
listed on Mexican Stock Exchange (BMV)
Banco Mercantil del Norte is a 98.22% subsidiary of Grupo Financiero Banorte S.A.B. |
Documents
Policies
Voluntary initiatives
Banco Mercantil del Norte (Banorte) has committed itself to the following voluntary standards:Issues
Banco Mercantil del Norte (Banorte) and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Banco Mercantil del Norte (Banorte) adopted the Equator Principles in 2012.
Reporting on the Equator Principles
Banco Mercantil del Norte (Banorte) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Banco Mercantil del Norte (Banorte) is in compliance with its reporting obligations. The 2015 report can be found here.