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Banco Mercantil Del Norte S.A. (Mexico)

Main Activities: Commercial Banking
Full name: Banco Mercantil Del Norte S.A. Profile Updated: December 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Banorte S.A. began operations in 1947, but its origins date back to 1899 with the foundation of "Banco Mercantil del Norte". In 1986 both banks merged and formed "Banco Mercantil del Norte, S.N.C". The bank is a subsidiary of "Grupo Financiero Banorte". In june 1992, "Banorte" was acquired by a group of investors headed by Roberto Gonzalez Barrera. In 1993, "Grupo Financiero Banorte" was formed with all the financial services such as leasing, stock trading, investments. In 1997, "Banorte" acquired "Bancen" and "Banpais", turning into one of the biggest bank nationalwide. In January 2002, "Banorte" acquired "Bancrecer", and its name changed to "Banco Mercantil del Norte, S.A.".

Headquarters
Av. Revolucion 3000, Col. La Primavera 1 Sector
Monterrey; Nuevo Leon; Postal Code: 64830

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Website: http://www.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 09, 1993
Key Executives
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Chief Executive Officer
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Administrative and Financial Manager
Ownership Details
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98.22%
Subsidiaries
Banorte USA, Corporation. (United States)
100%
Administradora de Servicios Profesionales Especializados, S. A. de C. V.
99.99%
Constructora Primero, S.A. de C.V.
99.99%
Company Performance
Financial values in the chart are available after Banco Mercantil Del Norte S.A. 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 sales revenue
44.56%
Total operating revenue
44.56%
Operating profit (EBIT)
27.47%
Net Profit (Loss) for the Period
21.32%
Total assets
8.39%
Total equity
4.35%
Operating Profit Margin (ROS)
-2.31%
Net Profit Margin
-2.45%
Return on Equity (ROE)
3.89%
Debt to Equity Ratio
-3.92%
Quick Ratio
-0.01%
Cash Ratio
-0.01%

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