Type State owned Products Banking, Financial Headquarters Mexico City, Mexico Number of employees 900 | Industry Financial Services Website www.banobras.gob.mx Founded 1933 | |
 | ||
Key people Alfredo del Mazo Mazal
Director General Profiles | ||
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.
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
Banobras Wikipedia(Text) CC BY-SA