Banking sector: approx. 60%
Insurance: approx. 20%
Asset management: approx. 10%
Other financial services: approx. 10%

Top 3 markets:

1. Mexico: approx. 85%
2. USA: approx. 10%
3. Latin America (excluding Mexico): approx. 5%

Grupo Financiero Banorte, S.A.B. de C.V. is one of the largest financial groups in Mexico and generates the majority of its revenues from the banking sector, followed by insurance services and asset management. The main market is Mexico, supported by a strong local presence and an extensive branch network. The USA and other Latin American countries also contribute to revenues, but to a significantly lesser extent.

Production: Not applicable

Grupo Financiero Banorte, S.A.B. de C.V. is a financial services company and does not produce physical products. It offers a variety of financial services, including banking services, insurance, investment funds, and pension fund management. As such, the company does not have production facilities in the traditional sense, but operates through a network of branches and digital platforms to provide its services.

Strategy for Future Growth: Diversification and Digitalization

Grupo Financiero Banorte is pursuing a strategy that is strongly focused on diversification and digitalization. The company plans to strengthen its market position by expanding digital services to meet changing customer requirements.

Another key focus is on expanding the range of financial products and services to tap into new customer segments. Banorte is also investing in technological innovations to increase efficiency and enhance the customer experience.

In addition, the company is relying on strategic partnerships and acquisitions to expand its presence in both the national and international markets. These measures are intended to maximize growth potential and ensure Banorte's long-term competitiveness.

Imported raw materials/materials: Financial services are the main focus, not physical commodities.

Origin countries: Not applicable.

Grupo Financiero Banorte, S.A.B. de C.V. is a financial services company and does not import physical commodities or materials. As a bank and financial institution, the focus is on providing financial services such as loans, insurance, and investment solutions.

Therefore, the question of imported raw materials or materials is not relevant for this company. Instead, one could focus on the origin of capital, investments, or partnerships, which are not classified as physical imports.

Market share in Mexico: 16% (2024) Return on Equity (ROE): 18% (2024) Cost-to-Income Ratio: 45% (2024)

Grupo Financiero Banorte is one of the leading financial institutions in Mexico and has gained a significant competitive advantage through its strong market position and efficient operations management. With a market share of 16%, Banorte is among the top banks in the country, indicating a broad customer base and a diversified product portfolio.

The return on equity of 18% shows that Banorte is able to efficiently utilize its resources to achieve high returns for its shareholders. This is an indicator of strong financial performance and a sign that the company is well positioned to compete.

Furthermore, Banorte has a cost-to-income ratio of 45%, indicating high operational efficiency. This means that the company effectively controls its costs in relation to its income, enabling it to offer competitive prices while remaining profitable.

Overall, Grupo Financiero Banorte has a solid competitive advantage in the Mexican financial industry due to its strong market presence, high profitability, and efficient cost structure.

Institutional investor share: approx. 60% (2025, estimated)

Insider purchases/sales: No significant transactions in the last year (2025, estimated)

The institutional investor share in Grupo Financiero Banorte typically stands at around 60%, indicating the trust of large investment funds and financial institutions in the stability and growth potential of the company.

In 2025, there were no significant insider purchases or sales, suggesting a stable assessment of the company's value by management and other insiders. This could imply that management has confidence in the current corporate strategy and future developments.

Market share of Grupo Financiero Banorte: 15% (estimated for 2025)

Top competitors and their market shares:

1. BBVA México: 20%
2. Santander México: 18%
3. Citibanamex: 17%
4. Grupo Financiero Banorte: 15%
5. HSBC México: 12%
6. Scotiabank México: 10%
7. Banco Inbursa: 8%

Grupo Financiero Banorte is one of the leading financial service providers in Mexico with an estimated market share of 15% in 2025. The largest competitor is BBVA México with a market share of 20%, followed by Santander México and Citibanamex.

Banorte's moat primarily lies in its strong regional presence and deep customer relationships, especially in the area of retail and SME services. Banorte has gained an advantage through strong brand recognition and a wide branch network.

Compared to competitors, BBVA México has a technological advantage through advanced digital banking solutions, while Citibanamex benefits from Citigroup's global presence and resources. Santander México excels with a strong international network and innovative financial products.

Overall, Banorte has a solid moat, but they must continuously invest in technology and customer service to keep pace with the technological advancements and global resources of competitors.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Return on Equity: 15.4% (2024) Customer Satisfaction: 85% (2024, internal survey)

Grupo Financiero Banorte recorded a solid revenue growth of 8.5% and a profit growth of 10.2% in 2024. These growth rates indicate strong operational performance achieved through effective cost control and increased efficiency.

The return on equity of 15.4% shows that the company is able to generate a high return from its equity, indicating effective resource utilization. This is a positive signal for investors looking for highly profitable companies.

Additionally, an internal survey shows a customer satisfaction rate of 85%, indicating strong customer loyalty and a good reputation in the market. This could lead to stable revenues and a positive brand perception in the long term.

Overall, these factors suggest that Grupo Financiero Banorte could be a solid investment, especially for investors who value sustainable growth and profitability.

Dividend yield: 4.2% (2025, estimated)
Dividend history: Continuous distributions in the last 5 years

Grupo Financiero Banorte, S.A.B. de C.V. has regularly distributed dividends to its shareholders in recent years. The dividend yield for the year 2025 is estimated to be around 4.2%, which is competitive compared to other financial institutions in the region.

The reliability of Banorte's dividend payments is high, as the company has a solid financial foundation and a strong market position in Mexico. Over the past five years, Banorte has consistently increased its dividends or maintained them at a stable level, indicating sustainable profitability and a deliberate dividend policy.