Banobras

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
Number of 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.

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.^[1]

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.

References

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

External links

Official web site

Banks of Mexico
Central banks	Bank of Mexico
Development banks	Bancomext Banobras
Mexican banks	Banco Azteca Banorte BanRegio Banco Inbursa
Foreign-owned banks	Banamex Banco Santander (Mexico) BBVA Bancomer HSBC Mexico Mitsubishi Bank ING Mexico Scotiabank

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