SME Bank of the Year 2024 nominee: Banorte
We are introducing the nominees for the SME Bank of the Year award. This category aims to acknowledge and applaud banks that demonstrate exceptional efforts in catering to the requirements of small and medium-sized enterprises.
Banorte is the main provider of loans to governments and the second most important bank in mortgages and has consolidated its position as one of the most profitable banks in Mexico, being recognized for its solid fundamentals by showing good asset quality, as well as as a strengthening in its level of capitalization.
Banorte is the only commercial bank, among the six largest institutions, that is managed by a Mexican management team. Its decisions are made locally without the influence of foreign matrices, which has proven to be an advantage given the recent weakness of many global institutions.
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