Awards for Excellence 2008: Mexico
Best bank: Banorte
Best debt house and best M&A house: Credit Suisse
Best equity house: JPMorgan
The winner of the best bank in Mexico is the fifth-largest bank in the market but it stands out from the crowd. As the country’s largest non-foreign owned bank, the aptly named "strong bank of Mexico", leads the market in terms of innovation. Banorte has opened the eyes of its competitors to the securitization market, the booming agribusiness markets and the mortgage origination market.
As the first Mexican bank to complete a securitization several years ago Banorte established itself ahead of the others. In the past year it has brought to market mortgage products that are accessible to clients across different demographics and geographies.