Banobras

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Banco Nacional de Obras y Servicios Públicos, S.N.C.
Type State owned
Industry Financial Services
Founded 1933
(as Banco Nacional Hipotecario Urbano y de Obras Públicas, S.A.)
Headquarters Mexico City, Mexico
Key people

Alfredo del Mazo Mazal

Director General
Products Banking, Financial
Employees 900
Website www.banobras.gob.mx

Banco Nacional de Obras y Servicios Públicos, SNC (National Works and Public Services Bank) or Banobras is 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.

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

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