Grupo Financiero Banorte is a 100% Mexican company that has a solid track record in the sector, with more than 115 years of development and growth. It was in the mid-nineties when Banorte consolidated a national presence in Mexico and currently has a wide variety of products and services. Grupo Financiero Banorte operates its commercial bank under the brands Banorte and Ixe, offering savings accounts, credit cards, payday loans, mortgages, commercial loans and auto loans. Its performing loan portfolio was of US$ 35 billion in 2014.[2] It also performs insurance, pension, leasing, and brokerage activities.