Mexico has 21,334 million pesos in abandoned bank accounts

The CNBV reported that Banamex, BBVA and Banorte are the three financial institutions with the highest amount of accounts abandoned by banking users; represents 0.3% of traditional deposits.

Great news for Banorte: its shares rise for a good quarter

Banorte announced its withdrawal from the Banamex purchase process and the startup of its Bineo platform in the first quarter of 2023.

LAST MINUTE: Banorte gives up buying Banamex and investors celebrate

Banorte's withdrawal signals that the bank will not engage in overly aggressive transactions; the shares of the financial group rise on the Mexican Stock Exchange.

Banorte withdraws from the Banamex purchase process

There are three interested parties in Banamex, President López Obrador said in the morning conference. "They are very good," he said.

Bineo, Banorte's digital bank, starts the first quarter of 2023

Marcos Ramírez, general director of Banorte, says that there is a lack of an operational certification process that will be determined by the CNBV and that they will start operations in the next four months.

LAST MINUTE: Bineo is Banorte's new digital bank

The new business of the financial entity will have its fiscal domicile in CDMX and will have a share capital of 1,675 million pesos.

Banorte receives authorization from the CNBV to create a digital bank

The bank reported that it will form a new bank that will operate 100% digitally and since last September 30 received authorization from the regulator.

Banorte rules out restructuring credit lines due to inflation

The bank reported that despite the inflation seen in the country, its customers are not using credit cards to finance themselves.


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