Mexico · Financial institution
Banco Mercantil del Norte,s.a.,inst de Bca Multiple,grupo Fin Banorte
Legal name in the LEI recordBANCO MERCANTIL DEL NORTE SA INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BANORTE
Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte is a Mexican multiple-banking institution with its registered office in Monterrey, Nuevo León. It is the main banking subsidiary of Grupo Financiero Banorte, S.A.B. de C.V., a financial holding company listed on the Mexican Stock Exchange. The bank offers retail, SME, corporate, government and international banking. This includes correspondent banking services for foreign financial institutions. It was formed in 1986 from the merger of Banco Mercantil de Monterrey and Banco Regional del Norte, and it absorbed Banco Interacciones following an authorisation dated August 2018.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- MENOMXMTXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under MENOMXMT directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 7 branch codes
- BIC first registered
- 1990-06-04
- Last updated
- 2024-07-09
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Grupo Financiero Banorte, S.A.B. de C.V.
Institution type
Universal bank
Trades as Banorte
- Ownership
- Grupo Financiero Banorte, S.A.B. de C.V., a holding company listed on the Mexican Stock Exchange, holds the bank as a member entity of its financial group.
- Direct parent
- Grupo Financiero Banorte, S.A.B. de C.V., Mexico
- Head office
- Prolongación Reforma 1230, Col. Cruz Manca, 05349 Mexico City, Mexico (registered office: Av. Revolución 3000, Col. La Primavera, 64830 Monterrey, Nuevo León, Mexico)
- Name in the local language
- Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte
- Former names
- Bancrecer, S.A., Institución de Banca Múltiple · Banco Radio Cinematográfico, S.A., Institución Financiera · Banco Refaccionario Industrial, S.A., Institución Financiera
Business lines
The bank organises its business into retail banking (individuals, SMEs, state and municipal governments) and wholesale banking (corporate, transaction, government and international banking), and also offers trust services.
Online
- Websites & references
- banorte.com ↗
investors.banorte.com ↗ Investor relations site of Grupo Financiero Banorte, which also publishes the bank's financial statements
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗
Sources · 14 pages consulted
- investors.banorte.com/~/media/Files/B/Banorte-IR/financial-information/financial-statements/es/banco-mercantil-
- investors.banorte.com/es/governance/board-of-directors
- investors.banorte.com/es/resources/responsible-officers
- investors.banorte.com/es/company/structure
- investors.banorte.com/es/financial-information/financial-statements/banco-mercantil-del-norte
- banorte.com/
- banorte.com/Empresas/Internacional/Cobros-y-pagos-internacionales/Recepcion-de-Transferencias-Interna
- acceso24.banorte.com/wps/portal/banorte/Home/internacional/cobros-internacionales/recepcion-transferencia-inte
- banorte.com/Personal/Internacional/Cobros-Internacionales/Recepcion-de-Transferencias-Internacionales
- elfinanciero.com.mx/nacional/2026/05/25/que-paso-con-rappi-y-banorte-cna-les-impone-multa-millonaria/
- expansion.mx/economia/2026/05/25/banorte-impugnara-multa-cna-por-acuerdo-con-rappi?_amp=true
- bloomberglinea.com/latinoamerica/mexico/regulador-antimonopolio-multa-a-banorte-y-rappi-por-aliarse-sin-auto
- meganoticias.mx/cdmx/noticia/cnbv-sanciona-bancos-con-multas-millonarias-este-enero-2025/585927
- es.wikipedia.org/wiki/Banco_Mercantil_del_Norte
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- José Marcos Ramírez Miguel Director General
- Chair
-
Carlos Hank González
Presidente del Consejo de Administración
- Chief financial officer
- Rafael Arana de la Garza Director General de Finanzas y Operaciones
- Executive
- Gerardo C. Salazar Viezca Director General de Administración de Riesgos y Crédito (group)
- Executive
-
Héctor Martín Ávila Flores
Director General Jurídico y Fiduciario; Secretario del Consejo de Administración
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Mexico
- National Banking and Securities Commission (CNBV) Prudential supervisorAML supervisorSecurities
- Mexico
- Bank of Mexico (Banco de México) Central bank
- Mexico
- National Commission for the Protection and Defence of Users of Financial Services (CONDUSEF) Conduct
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Enforcement
The National Antimonopoly Commission fined the bank and Rappi MXN 19.9 million in total for a 2020 concentration made without prior authorisation.
elfinanciero.com.mx ↗ -
Other
The bank completed its acquisition of the RappiCard credit card business for USD 50 million, according to Bloomberg Línea.
bloomberglinea.com ↗ -
Enforcement
The CNBV published seven sanctions against Banorte totalling MXN 1.87 million for breaches in 2021 and 2023.
meganoticias.mx ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- MENOMXMTXXX
- How the BIC breaks down
- MENOBank
- MXCountry · Mexico
- MTLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300QTVYRPFHS0J362
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Mexico · Latin America & Caribbean
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- AV REVOLUCION, COL. PRIMAVERA 3000 MONTERREY 64830 MEXICO
- Operational address
- AVENUE REVOLUCION 3000 COL. PRIMAVERA MEXICO 64830 MEXICO MEXICO
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>MENOMXMTXXX</BICFI>
<LEI>549300QTVYRPFHS0J362</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>MENOMXMTXXX</BICFI>
<LEI>549300QTVYRPFHS0J362</LEI>
<Nm>BANCO MERCANTIL DEL NORTE,S.A.,INST DE BCA MULTIPLE,GRUPO FIN BANORTE</Nm>
<PstlAdr>
<Ctry>MX</Ctry>
<AdrLine>AV REVOLUCION, COL. PRIMAVERA 3000 MONTERREY 64830</AdrLine>
</PstlAdr>
</FinInstnId>Swift’s two address fields do not agree on a town, so the full record gives the address as address lines only.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
All 7 branch BICs connect to the head office, spread across 4 functions. Largest: Clearing & payments (2), Treasury & markets (2). The bank publishes 15 accounts at other banks, across 3 regions.
All 7 branch BICs connect to the head office, spread across 2 cities. Largest: Monterrey N.l. (4), Mexico (3). The bank publishes 15 accounts at other banks, across 3 regions.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
15 accounts at other banks, in 1 currency, as the bank publishes them: banorte.com ↗
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| USD | JP Morgan Chase Bank, New York, NY United States | CHASUS33XXX | — | Intermediary bank for incoming international transfers (ABA 021000021) | Matches the Swift directory |
| USD | Citibank NA, New York, NY United States | CITIUS33XXX | — | Intermediary bank for incoming international transfers (ABA 021000089) | Matches the Swift directory |
| USD | Bank of America, Concord, CA United States | BOFAUS6SXXX | — | Intermediary bank for incoming international transfers (ABA 026009593) | Matches the Swift directory |
| USD | Standard Chartered Bank, New York, NY United States | SCBLUS33XXX | — | Intermediary bank for incoming international transfers (ABA 026002561) | Matches the Swift directory |
| — | The Bank of New York Mellon, New York, NY United States | IRVTUS3NXXX | — | Intermediary bank for incoming international transfers (ABA 021000018) | Matches the Swift directory |
| — | Bankinter, Madrid, España Spain | BKBKESMMXXX | — | Intermediary bank for incoming international transfers | Matches the Swift directory |
| — | Commerzbank AG, Frankfurt, Alemania Germany | COBADEFFXXX | — | Intermediary bank for incoming international transfers | Matches the Swift directory |
| — | JP Morgan Chase, Frankfurt, Alemania Germany | CHASDEFXXXX | — | Intermediary bank for incoming international transfers | Matches the Swift directory |
| — | Barclays Bank, Londres, Inglaterra United Kingdom | BARCGB22XXX | — | Intermediary bank for incoming international transfers | Matches the Swift directory |
| — | UBS AG, Zurich, Suiza Switzerland | UBSWCHZH80A | — | Intermediary bank for incoming international transfers | Matches the Swift directory |
| — | Bank of Tokio, Tokio, Japón Japan | BOTKJPJTXXX | — | Intermediary bank for incoming international transfers | Directory name differs MUFG BANK, LTD. |
| — | Mizuho Bank, Tokio, Japón Japan | MHCBJPJTXXX | — | Intermediary bank for incoming international transfers | Matches the Swift directory |
| — | Nordea Bank AB, Estocolmo, Suecia Sweden | NDEASESSXXX | — | Intermediary bank for incoming international transfers | Matches the Swift directory |
| — | ANZ Bank, Melbourne, Australia Australia | ANZBAU3MXXX | — | Intermediary bank for incoming international transfers | Matches the Swift directory |
| — | Nordea Bank, Oslo, Noruega | — | — | Intermediary bank for incoming international transfers | No BIC published |
This is Banorte's page 'Instrucciones para recibir transferencias internacionales'. It names intermediary banks by currency (USD, EUR, CAD, GBP, CHF, JPY, SEK, AUD, NOK), with beneficiary bank MENOMXMTXXX. The fetched page was cut off before this table. The rows below come from extracts of the same page and its banorte.com/acceso24.banorte.com portal versions. No account numbers are shown. Currency is only given where the source says so: the four New York/Concord banks are listed under 'Dólares americanos'. The currencies of the other rows, the CAD correspondent and the BIC for Nordea Oslo were not visible. The list may be incomplete: confirm with the bank before use. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| MENOMXMTCCM | CUSTODY AND CASH MANAGEMENT | Mexico | MEXICO MEXICO MEXICO | — | 2025-05-03 |
| MENOMXMTDER | DERIVATIVES | Monterrey N.l. | MONTERREY,N.L. MONTERREY,N.L. MEXICO | — | 2025-05-03 |
| MENOMXMTFEX | FOREIGN EXCHANGE | Monterrey N.l. | MONTERREY,N.L. MONTERREY,N.L. MEXICO | — | 2025-05-03 |
| MENOMXMTMEX | — | Mexico | REFORMA 295 COL. CUAUTEMOC FLOOR 1 MEXICO 06500 MEXICO MEXICO | — | 2024-07-09 |
| MENOMXMTPYM | WIRE TRANSFER DEPT | Monterrey N.l. | MONTERREY,N.L. MONTERREY,N.L. MEXICO | — | 2025-05-03 |
| MENOMXMTTSD | TRADE SERVICES DEPARTMENT | Mexico | AVENUE REVOLUCION 3000 COL. PRIMAVERA MEXICO 64830 MEXICO MEXICO | — | 2025-05-03 |
| MENOMXMTWLS | WHOLESALE BANKING | Monterrey N.l. | MONTERREY,N.L. MONTERREY,N.L. MEXICO | — | 2025-05-03 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Carlos Hank González: investors.banorte.com (official website) · original; Héctor Martín Ávila Flores: investors.banorte.com (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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