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Afore Xxi Banorte S.A de C.V. (Monterrey) (Mexico)

Main Activities: Pension Funds
Full name: Afore Xxi Banorte S.A de C.V. Profile Updated: June 28, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Afore XXI Banorte S.A. de C.V. formed by the merger of Afore Banorte Generali and Afore XXI, is a private pension fund management company, responsible for managing individual accounts of workers where employers, government and the worker contribute resources to make up their retirement fund. This merger was finalized in December 2011, when Banco Mercantil del Norte, acquired 50% shares of Afore XXI owned by Prudential Financial. The other 50% of the shares were owned by the Mexican Social Security Institute, who in turn acquired a 49% shares of Afore Banorte Generali belonged to the Italian financial group Assicurazioni Generali.

Headquarters
Avenida Reforma 489 , Piso 3, Colonia Cuauhtemoc
Mexico City - Cuauhtemoc; Federal District of Mexico City; Postal Code: 06500

Contact Details: Purchase the Afore Xxi Banorte S.A de C.V. (Monterrey) report to view the information.

Website: http://www.xxi-banorte.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
February 26, 1997
Key Executives
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Chairman of the Board of Directors
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Chief Executive Officer
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Chief Administrative and Financial Officer
Ownership Details
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50%
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Subsidiaries
Ahorro Individual Xxi Banorte Siefore S.A. De C.V.
Multifondo De Prevision 1 Xxi Banorte Siefore S.A. De C.V.
Multifondo De Prevision 2 Xxi Banorte Siefore S.A. De C.V.
Company Performance
Financial values in the chart are available after Afore Xxi Banorte S.A de C.V. (Monterrey) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MXN. Absolute financial data is included in the purchased report.
Net interest income
-18.45%
Net fee and commission income
9.57%
Operating profit (EBIT)
7.3%
Net Profit (Loss) for the Period
24.64%
Total assets
2.78%
Total equity
2.2%
Total Assets Trend
0.35%
Net Interest Income Trend
12.72%
Cost to Income Ratio
0.97%
Loans to Asset Ratio
-1.75%

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