Source: www.inegi.gob.mx Grupo Financiero Banorte SAB de CV is a holding company, which engages in the provision of banking services. At the close of the year, the balance of loan-loss reserves stood significantly higher than the previous year because of the entry of extraordinary additional reserves totaling Ps. Launch of a new WhatsApp channel associated with the Afores institutional phone number as well as a mirror chatbot on the website to give advice, receive account statement requests and help clients with digital processes. servicios. En nuestra red de ms de 13,000 Risk of losses originating from discrepancies or failures in processes, personnel, internal systems or external events. Our NIM excluding insurance and annuities shrank by (28pb) to 5.3% at the close of 2020, mainly due to the adjustment in the price of floating-rate products which was in turn caused by a steep drop (259pb) in the average benchmark interest rates (the 28-day TIIE) during the year. At GFNorte, risk management culture is one of the institutional pillars, and fundamental in how we define and execute our strategies. Throughout the Groups process of institutionalization, we have developed various strategies to expand our shareholder base and remain an option for those seeking long- or short-term investment, or simply following our dividend policy. Includes technological risk and legal risk. Banorte.com; Sustainability; Search. During the year, we analyzed 94.4% of the equity portfolio under both methodologies based on public documents, information provided by an ESG services supplier, and CDP climate change questionnaires. For more details, see: https://investors.banorte.com/~/media/Files/B/Banorte-IR/financial-information/quarterly-results/en/2020/q4/4Q20.pdf. Rest of the country: 01 800 BANORTE (01 800 226 6783) . Energy Efficiency Eco-Loans finance the acquisition or replacement of equipment and installation expenses in support of more efficient new technologies, or which allow the user to produce the same amount with less energy. 8.89 billion in financing and accounted for 1.10% of Banortes total portfolio. Our loan delinquency index was reduced to 1.10% in 2020 due to various initiatives, among them the preemptive write-down of around Ps. Borraste la aplicacin mvil o cambiaste de dispositivo. For the first time, this edition of our integrated annual report includes sustainability topics as part of the various chapters of our value model. Throughout its history, Grupo Financiero Banorte has been characterized by growth through the acquisition of various businesses aligned with the strategy of growth, solidity and diversification. I am Ursula Wilhelm, Head of Investor Relations, and with me are Marcos Ramirez, Chief Executive Officer, and Rafael Arana, Chief First time earning the Social Responsible Enterprise (SRE) distinction. We also have parametric coverage against damage to beaches, marinas and coral reefs in the state of Quintana Roo, which incorporates the coastline of Isla Mujeres, Benito Jurez, Puerto Morelos, Solidaridad, Tulum and Cozumel. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Respect: It is to be aware of the own value and honor the value of other people, it is the knowledge of the inherent value and the human rights of individuals and of society. Risk management requires a comprehensive approach and a forward-looking vision based on the desired risk profile, as well as compliance with the regulatory framework and support for corporate governance. But we at Banorte have an unwavering commitment to responding promptly and effectively to such challenges, supported largely by new digital and technological solutions and tools, and with the constant aim of providing the greatest benefit to our clients. We apply a prospective vision to define and apply models, tools and policies that help us anticipate and mitigate risk. In 2020, we adopted a particularly cautious approach to risk management in order to maintain a high quality, solid portfolio, while cooperating in key strategies to help deal with the economic and financial effects of COVID-19. The evolution of these service channels over the past three years, as well as the transaction volume in each of them, is shown below. 7.27 billion, Ps. According to the Mexican income tax law, our income tax rate for 2020 and 2019 and subsequent years is 30%. 8.16 billion. Nota: Si de momento no deseas activar este servicio, te informamos que en cualquier momento podrs configurar tus alertas desde la seccin Seguridad. Grupo Banorte obtained a rating upgrade from the MSCI index, from A to AA.. Managed through key indicators like the liquidity coverage coefficient, repricing gaps and liquidity ratios, as well as stress testing. We place a priority on prompt disclosure of information to investors, analysts and rating agencies. Esta imagen te ayudar a identificar que ests intentando iniciar sesin desde el banco y no en otro sitio. Finally, we regularly follow up on projects, providing advice and contributing value to our clients. When a disaster occurs and one of the previously-established parameters is triggered, the commitment is for payment in no more than 72 hours, regardless of whether or not there was any damage in the ensured zone. Grupo Financiero BBVA Mxico (GFBB) is a universal institution that offers a wide range of financial services through Mexico's largest distribution network Excluding restructuring expenses, the growth in non-interest expense would have been 4.6% year-to-year. Afore XXI Banorte and Operadora de Fondos traded the following amounts in ESG-focused assets in 2020: Around 30% of the alternative instruments of Afore XXI Banorte cover projects that contribute to the SDG; we have investments in renewable energy farms, agroindustrial cropland, health and education centers and womens empowerment programs, among others. This includes investment in five solar energy projects, and thirteen wind farms, which together can generate up to 3,000 MW, accounting for 4.0% of Mexicos energy capacity, 30% of its solar and wind capacity and 12% of its renewable energy (including hydroelectric projects). The request went out to 24 issuers, 58.3% of which agreed to participate. Ps. The reconciliation of the legal income tax rate and the effective rate expressed a percentage of profit before income tax is as follows: As one of Mexicos most widely recognized publicly-traded companies, we are committed to applying the highest standards of corporate governance, information disclosure and communication with the investment community and our stakeholders. We also trained 37 employees in responsible investment and ESG aspects over a total of 140 hours. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. Mr. Casillas joins Barclays from Grupo Financiero Banorte, where he was Chief Economist and Head of Investor Relations and ESG. Tel. 11.96 billion, which was invested in projects in the following areas: Our climate portfolio, which includes only renewable energy financing, totals Ps. Innovation: It is the effort made to get something by ourselves or with the help of others; it is a force of great power of transformation, which has led humanity to the highest levels of development and civilization. Aware of new needs and expectations among investors around the world, early in 2020 we developed a green bonds framework, aligned with Green Bond Principles and market best practices. Creation of model portfolios for managing additional retirement funds, in order to make investment more efficient, track risk and improve commercial attraction. Servirle es nuestra prioridad. Grupo Financiero Banorte | 212,369 followers on LinkedIn. Derechos reservados.Aviso de Privacidad y Trminos Legales, Comits de Apoyo al Consejo de Administracin, Informacin condensada y Preguntas frecuentes, Metodologa de Calificacin de Cartera Crediticia, Solida Administradora de Portafolios (Fusionado), Banco Bineo, S.A. (antes IXE Servicios S.A de C.V), Fincasa Hipotecaria S.A de C.V (Fusionado), ndice de Capitalizacin y Apalancamiento, Banorte y Rappi Firman Alianza Estratgica, 70% de la energa que consume Banorte ser elica. The following are some of the main types of risk that the Group manages: Risk of losses due to income volatility, caused by the creation of reserves for asset impairment and potential losses for payment default by a borrower or counterparty. Regarding shareholder compensation, no dividends were paid in 2020, in response to the recommendation by the authorities given the uncertain climate created by the pandemic. DATE: September 22, 2022TIME: 10:00 am -10:30 am ETLINK:https://bit.ly/3oTs1LKAvailable for 1x1 meetings: This will be a live, interactive online event where investors are invited to ask the company questions in real-time. Our pension fund manager, Afore XXI Banorte, is the first and only asset owner to obtain an A+ rating in the PRI questionnaire for the second year in a row, in recognition of its investment strategy and corporate governance practices. Investor Relations. Afore XXI Banorte chairs this Sub-Committee, which underscores our support for standardization and disclosure of ESG information by harmonizing pension fund managers interests regarding information requirements for stakeholders. To fulfill these duties, the Risk Policies Committee authorizes risk management models, policies and limits, and the Comprehensive Risk Management Unit is in charge of managing and monitoring them. Banorte participated in the TCFD-UNEP FI 2021 program for banks, in which we involved various business areas (Risk, Insurance and Innovation) in the task of developing capacities to identify, manage and disclose climate-related risks and opportunities. Banorte co-chairs this initiative, along with the French bank BNP Paribas and the Green Finance Institute of the UK, guiding framework development and promotion through its planned launch in 2021. Loyalty: It is the feeling of commitment for the sake of others, it generates a high sense of commitment, loyalty and respect, inspiring the people or groups which we interact whit. Our total portfolio grew by 5% in the year. In 2020, Banorte acted as lead underwriter for the second reopening of the AGUA 17-2X sustainable issue totaling Ps. It operates locally in Mexico. Grupo Financiero Banorte comes in third in the ranking of Best Places to Work in the Banking, Insurance and Finance industry. This was consistent with our strategy to increase our margins. The quarterly reports for 2020 can be viewedat: https://investors.banorte.com/en/financial-information/quarterly-reports, 102-1, 102-4, 102-5, 102-7, 102-45, 203-2, FS13, FS14. ESG issues were involved in 36% of the resolutions: corporate governance 35%; and environmental resolutions 1%. Corporate governance Expectations on domestic demand are more cautious, with substantial challenges remaining in the first half of the year, but a brighter outlook for the second half. 3.35 billion applied during the year, and because the total effect of the pandemic (from our borrower support programs) was not as severe as we expected. This page requires Javascript. Our Social and Environmental Risk Management System (SEMS), first implemented in 2012, was developed to identify, categorize, analyze and track the risks and impacts of our lending in the corporate, infrastructure and commercial banking segments. Banco de Mxico is likely to resume its policy cycle of easing monetary conditions, with a benchmark rate that could end the year at 3.50%. Modify your browser's settings to allow Javascript to execute. Municipal coverage of Mexicos banking infrastructure: Source: www.cnbv.gob.mx/Paginas/PortafolioDeInformacion.aspx. As part of our proxy voting, Afore XXI Banorte participated in around 200 general and/or technical committee meetings in 2020, in which we voted on more than 300 resolutions. 4.87 billion in the second quarter of the year, and Ps. Co-CEO of TelevisaUnivision Mexico, Executive Chairman of TelevisaUnivision. As active investors in financial instruments that ensure a positive impact on society and the environment, Banorte reiterates its support for sustainable development. The Latin American Security Association (ALAS) awarded recognitions to Grupo Financiero Banorte in various categories: responsible investment, corporate governance and sustainability. MEXICO CITY, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Grupo Financiero Banorte (OTCQX: GBOOY | Bolsa Mexicana de Valores: GFNORTEO), based in Mexico, focused on Financial Services, today announcedthat Toms Lozano, Head of Corporate Development, Investor Relations, & ESG will present live at VirtualInvestorConferences.com on September 22, 2022. Implementation of the Natural Capital Protocol in Mexico, Task Force on Climate-related Financial Disclosures (TCFD). Excluding loans to governments, the portfolio grew 9% annually, with an advance in practically every segment except for credit cards, as could be expected given the circumstances of the year. . With the banks infrastructure, which covers the entire Mexican republic, we not only serve our clients but we can bring more financial instrument choices to more people. Banorte and Rappi began offering RappiCard, an innovative value proposal that combines the best in financial services and e-commerce. The results were presented in 2020 to the Credit, Business and Risk team, which was the driving force behind the project, confirming the importance of environmental aspects in financial industry decision-making. Se ha detectado que su usuario ya cuenta con una sesin, Consulta los costos y las comisiones de nuestros productos. This presents a tremendous opportunity to continue exploring this issue and making decisions that benefit our clients. Within the range of products offered by Operadora de Fondos Banorte, our NTESEL fund is a relatively-managed mutual fund whose investment strategy is determined by a quantitative model involving ESG criteria, among others, as part of a positive screening process. Contac Us by Email. Derechos Reservados. Recibirs un correo electrnico con un cdigo de activacin y la liga para bajar la aplicacin. Tu contrasea deber ser alfanumrica (al menos una letra y al menos un nmero). The performing loan portfolio grew 5.2%, against a reduction of (2.3%) in the overall Mexican banking system, which increased our market share by 108 bp, to 15.1 percent. The bond received ratings of mxAA- and AA/mex from S&P Global Ratings and Fitch Ratings, respectively. Associated with revenue volatility caused by changing market conditions, which affect the valuation of positions in lending or borrowing transactions or give rise to contingent liabilities, like interest rates, spreads, exchange rates, price indexes, etc. Forward-looking vision Log In Not subscribed yet? Banorte is known for its solid capital adequacy index which exceeds the regulatory minimum, and low leverage ratios that reflect the solidity of its balance sheet. There is the additional possibility of further financial fragility in some countries due to high debt levels, which have growth as an increasing amount of stimulus is necessary to deal with the crisis. 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