Banorte Awarded Best Bank for SMEs in Mexico by Euromoney in 2025

Banorte Recognized as the Best Bank for SMEs in Mexico by Euromoney

Banorte, helmed by Carlos Hank-González, has recently been honored as the Best Bank for Small and Medium-sized Enterprises (SMEs) in Mexico for the year 2025, according to Euromoney's annual awards. This accolade not only emphasizes the bank's significant contributions to the financial sector but also highlights its dedication to supporting the growth and stability of SMEs across the nation.

In the SME banking landscape, Banorte has established itself as a formidable player, boasting a remarkable 15% share in loans and 14% in deposits for the year 2024. This achievement positions Banorte prominently within the market, showcasing its commitment to understanding the unique challenges faced by small businesses and addressing their financial needs effectively.

Carlos Hank-González, Chairman of Grupo Financiero Banorte, expressed pride in this recognition, stating, “This honor reflects our continuous efforts to stay close to our clients, understand their challenges, and provide them with effective solutions. It aligns perfectly with our support for President Claudia Sheinbaum's 'Mexico Plan', which aims to bolster national production and ensure that more SMEs gain access to financing.”

In addition to traditional banking services, Banorte has taken significant strides to empower women entrepreneurs through the launch of its “Mujer PyME Banorte” initiative, which introduces financial solutions specifically tailored for women-led businesses. Within just six months, this program has successfully assisted over 300 women entrepreneurs, facilitating nearly 700 million pesos in funding to support their ventures.

By offering a diverse range of products and services, Banorte continues to enhance its robust offerings which include advanced digital infrastructure, personalized service, and solutions crafted to meet the distinct stages of business growth. The accolade not only acknowledges Banorte’s excellence in operations but also reinforces its pivotal role in fortifying the entrepreneurial landscape of Mexico.

In today's rapidly changing economic environment, the importance of having a supportive national bank like Banorte cannot be overstated. As businesses navigate uncertainties and strive for growth, access to reliable financial institutions is crucial. Banorte's commitment to SMEs serves as a beacon of hope for small businesses seeking stability and growth in a competitive marketplace.

Conclusion

This recognition from Euromoney marks a key milestone for Banorte, reaffirming its mission to facilitate economic development within Mexico and its ongoing efforts to create a conducive environment for small and medium enterprises. As Banorte continues to innovate and enhance its services, it paves the way for a resilient business ecosystem that nurtures the entrepreneurial spirit in the country. The proactive measures undertaken by Banorte ensure that the future of Mexico will be built on foundations of strong, well-supported businesses across various sectors.

For more information on the Euromoney Awards 2025 and to explore further details about the recognized institutions, interested parties can consult the full awards publication or visit Banorte's official communications channels.