Grupo Financiero Banorte SAB de CV - Company Profile
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Grupo Financiero Banorte SAB de CV (GFNorte) is a financial institution in Mexico offering banking, brokerage, and related financial services. The group’s adequate capital and liquidity; and net interest margin are its major strengths; even as its geographic concentration could be an area of concern. Strategic initiatives, the emergence of Fintech, and the growing market for payment channels in Mexico could offer ample growth opportunities to the group. However, litigation risks, the emergence of neobanks, and competition could affect its business performance.
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