With assets of over $67 billion (As of April 2012) the company is currently the largest company in Mexico by assets with Banorte very closely behind them with assets of over $59 billion (As of April 2012) It is highly likely that the company will buy a group of companies with at least $29 billion in assets in 2013 in the pension, insurance, payroll, currency exchange and mutual funds industries to secure their position as the most asset rich company in Mexico.
In 2006, Mexico's Banorte acquired 70% of INB Financial Corp stock for $259 million.
Banorte |