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Private Banking and Wealth Management Survey 2010:
Country risk 2010:

Country risk 2010:

Bi-annual Country risk survey monitoring political and economic stability of 186 countries

August 2008

Mexican banking: Banorte works towards full enchilada offering

Banorte, the biggest locally owned bank in Mexico, plans to establish a new venture capital unit that will be spun off from its distressed assets business, Solida, according to the bank’s chief executive.




The new unit will try to build on the success of Solida’s existing investments in venture capital projects, especially in infrastructure and real estate. Solida began to invest in these sectors a couple of years ago as part of its strategy to diversify away from its core business of buying distressed assets. These venture capital investments provide more than 25% of Solida’s profits, although they account for less than 5% of its assets.

"Although Solida was clearly doing very well,...


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