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Banobras
Banco Nacional de Obras y Servicios Públicos, SNC (National Works and Public Services Bank) or Banobras is a 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 US$10 billion and a tier 1 capital of more than a 1 billion. See also *Alonso García Tamés Alonso García-Tamés (born January 21, 1959) is the former CEO of the National Bank of Public Works and Services (Banobras) and General Director of Operations of the Central Bank of Mexico. Education and career García-Tamés graduated ...
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Torre Insignia
Torre Insignia (also called Torre Banobras and the Nonoalco Tlatelolco Tower) is a building designed by Mario Pani Darqui which is located on the corner of Avenida Ricardo Flores Magón and Avenida de los Insurgentes Norte, in the Tlatelolco housing complex in Cuauhtémoc in Mexico City. At its completion in 1962, the tower became the second tallest building in Mexico after the Torre Latinoamericana. The tower is not currently in use and is being renovated. It is the tallest building in the Tlatelolco area and the third highest in the Avenida Insurgentes. The building housed the headquarters of Banobras. The building has a triangular prism shape and was built with a reinforced concrete frame. It has been remodeled at least twice and is one of the most important buildings in the city, besides having the tallest carillon in the world; there are 47 bells made by Petit & Fritsen. Descriptive Report * Its height is and it has 25 floors * It is shaped like a triangular prism ...
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Mario Pani
Mario Pani Darqui (March 29, 1911 – February 23, 1993) was a famous Mexican architect and urbanist. He was one of the most active urbanists under the Mexican Miracle, and gave form to a good part of the urban appearance of Mexico City, with emblematic buildings (nowadays characteristic of Mexico City), such as the main campus of the UNAM, the Unidad Habitacional Nonoalco-Tlatelolco (following Le Corbusier's urban principles), the Normal School of Teachers (Mexico), the National Conservatory of Music and other big housing projects called ''multifamiliares''. His son Knut is a well-known artist. Career Mario Pani was born in Mexico City. He studied architecture in France and Mexico, and later on he would found the National College of Architects (Mexico) in 1946. In 1938, he began the journal ''Arquitectura Mexico,'' which was published until 1979. He introduced the international style in Mexico, and was the first promoter of big housing Tower block projects. Pani was a grea ...
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Alonso García Tamés
Alonso García-Tamés (born January 21, 1959) is the former CEO of the National Bank of Public Works and Services (Banobras) and General Director of Operations of the Central Bank of Mexico. Education and career García-Tamés graduated with a bachelor's degree in Actuarial Science from the Universidad Anahuac. In December 2006 García-Tamés was appointed CEO of the National Bank of Public Works and Services, development bank dedicated to promote infrastructure investment in Mexico through sub-national government lending, project finance, and technical assistance. García-Tamés speaks at conferences related to debt management policy, monetary policy, exchange rate management policy, payment systems and international asset management. Boards of Directors García-Tamés has been a board member for several banks and regulation agencies: * Banco Nacional de Obras y Servicios Públicos, S.N.C (National Bank of Public Works and Services) * Nacional Financiera * Comisión Nacional ...
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Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatemala, Belize, and the Caribbean Sea; and to the east by the Gulf of Mexico. Mexico covers ,Mexico
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making it the world's 13th-largest country by are ...
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Director General
A director general or director-general (plural: ''directors general'', ''directors-general'', ''director generals'' or ''director-generals'' ) or general director is a senior executive (government), executive officer, often the chief executive officer, within a governmental, statutory, NGO, Voluntary sector, third sector or not-for-profit institution. The term is commonly used in many countries worldwide, but with various meanings. Australia In most Australian states, the director-general is the most senior civil servant in any government department, reporting only to the democratically elected minister (government), minister representing that department. In Victoria and the Australian Government, the equivalent position is the Departmental secretary, secretary of the department. The Australian Defence Force Cadets has three Directors-General which are all one-star ranks: *Director-General of the Australian Navy Cadets *Director-General of the Australian Army Cadets *Director-Gener ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Financial
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ...
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Development Finance Institution
A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitments (as loans, equity, guarantees and debt securities) of the major regional, multilateral and bilateral DFIs totaled US$45 billion (US$21.3 billion of which went to support the private sector). Mandate DFIs can play a crucial role in financing private and public sector investments in developing countries, in the form of higher risk loans, equity positions, and guarantees.Dirk Willem te Velde and Michael Warner (2007Use of subsidies by Development Finance Institutions in the infrastructure sector Overseas Development Institute DFIs often provide finance to the private sector for investments that promote development and to help companies to invest, especially in countries with various restrictions on the market. Some development banks i ...
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Abelardo L
Abelardo is a masculine given name. It is an Italian form of the name ''Abelard''. Sometimes used as a variant of Abel. As a given name * Abelardo Aguilar, Filipino doctor and researcher * Abelardo Aguilú Jr. (c. 1870–c. 1940), Puerto Rican politician * Abelardo Albisi (1872–1938), Italian musician and composer * Abelardo Alvarado Alcántara (1933–2021) Mexican Catholic prelate * Abelardo Díaz Alfaro (1916–1999), Puerto Rican author * Abelardo Ávila (1907–1967), Mexican engraver *Abelardo Barroso (1905–1972), Cuban singer * Abelardo Castro (born 1892, death date unknown), Chilean fencer *Abelardo Castillo (1935–2017), Argentine author * Abelardo Delgado (1931–2004), American writer, community organizer, and poet * Abelardo Estorino (1925–2013), Cuban stage director *Abelardo Fernández (born 1970), Spanish footballer and manager * Abelardo Gandía (born 1977), Spanish paralympic cyclist * Abelardo Lafuente García-Rojo (1871–1931), Spanish architect * Ab ...
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1985 Mexico City Earthquake
The 1985 Mexico City earthquake struck in the early morning of 19 September at 07:17:50 (CST) with a moment magnitude of 8.0 and a maximal Mercalli intensity of IX (''Violent''). The event caused serious damage to the Greater Mexico City area and the deaths of at least 5,000 people. The sequence of events included a foreshock of magnitude 5.2 that occurred the prior May, the main shock on 19 September, and two large aftershocks. The first of these occurred on 20 September with a magnitude of 7.5 and the second occurred seven months later on 30 April 1986 with a magnitude of 7.0. They were located off the coast along the Middle America Trench, more than away, but the city suffered major damage due to its large magnitude and the ancient lake bed that Mexico City sits on. The event caused between three and five billion USD in damage as 412 buildings collapsed and another 3,124 were seriously damaged in the city. Then-president Miguel de la Madrid and the ruling Institutional Rev ...
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Tier 1 Capital
Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view.By definition of Bank for International Settlements. It is composed of ''core capital'', which consists primarily of common stock and disclosed reserves (or retained earnings), but may also include non-redeemable non-cumulative preferred stock. The Basel Committee also observed that banks have used innovative instruments over the years to generate Tier 1 capital; these are subject to stringent conditions and are limited to a maximum of 15% of total Tier 1 capital. This part of the Tier 1 capital will be phased out during the implementation of Basel III. Capital in this sense is related to, but different from, the accounting concept of shareholders' equity. Both Tier 1 and Tier 2 capital were first defined in the Basel I capital accord and remained substantially the same in the replacement Basel II accord. Tier 2 capital represents "supplementary capital" such as undisclosed reserves ...
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Banks Established In 1933
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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