Fundación Banorte (Banorte) is a leading financial institution in Mexico with the best business diversification in its class. It offers a wide variety of products and services through its bank, brokerage house, pension and insurance companies, “Afore” (Retirement Fund Manager) and investment funds. In addition, Banorte is the second largest financial group in Mexico and the largest provider of loans to governments and the second largest bank in mortgage loans. “Afore XXI Banorte” is the largest retirement fund manager in the country and Banorte is the only Mexican commercial bank managed by a 100% Mexican board. Its decisions are made locally without the influence of a foreign parent company. 

Banorte understands that it is their responsibility and priority to be an ally of higher education institutions in Mexico, in order to contribute to the professional development of young people who will be the future leaders of Mexico. For example, the financial group constantly tries to organize and share events that are useful for the university students’ future professional career. For over 3 years, Banorte has invited universities across the country to its main annual event, Foro Banorte. In total, more than 25,000 students have participated through streaming. 

To be an ally of Mexico’s growth, Banorte considers it very important to analyze, evaluate and implement the proposals of young people who are facing the main challenges in Mexico. Receiving innovative proposals from students about how inequality can be fought from the financial sector is crucial. It is necessary for the future of Mexico that higher education institutions provide university students with the necessary tools to investigate these fields of study and develop a broader vision. These skills often develop as a result of exchange with other universities and countries, where students learn how to work as an international team to propose solutions to present problems. Being able to help higher education institutions achieve this for their students is the reason why Banorte has chosen to support the Innovation Fund.

To learn more, please visit Fundación Banorte’s website. 

“Mexico and the United States are friends and partners. For this reason, we at Banorte join the 100,000 Strong in the Americas initiative.  We are convinced that academic exchanges contribute to a better understanding between our nations and that, working together, we can face problems such as inequality, economic and financial exclusion.” 

Carlos Hank González, Chairman of Banorte,

Fundación Banorte partnered with the Innovation Fund to foster higher education partnerships and student academic training & exchanges for the 2019 U.S.-Mexico Innovation Fund Competition for Economic & Financial Inclusion and Agricultural Sustainability for Inequality Reduction.