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Banobras

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Mexican development bank
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Banco Nacional de Obras y Servicios Públicos, S.N.C.
Company typeState owned
IndustryFinancial services
Founded1933
(as Banco Nacional Hipotecario Urbano y de Obras Públicas, S.A.)
HeadquartersMexico City, Mexico
Key peopleJorge Mendoza Director General
ProductsBanking, Financial
Number of employees900
Websitewww.banobras.gob.mx

Banco Nacional de Obras y Servicios Públicos, SNC (National Works and Public Services Bank) or Banobras is a state owned development bank in Mexico. Its core business is sub national (Municipal and State governments) and project finance. It was founded in 1933 as Banco Nacional Hipotecario Urbano y de Obras Públicas, S.A (National Urban Mortgage and Public Works Bank) by president Abelardo L. Rodríguez.

Until the 1985 Mexico City earthquake, its headquarters were located at the Torre Insignia, a pyramid-shaped building designed by one of Mexico's most noted architects, Mario Pani.

As of December 2005, the bank has a loan portfolio of more than US$10 billion and a tier 1 capital of more than a 1 billion.

See also

References

  1. "Cobra nueva vida un símbolo de Tlatelolco", Excelsior, 29 April 2011

External links

Banks of Mexico
Central bank
Development banks
Mexican banks
Foreign-owned banks


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