Banco Nacional de Obras y Servicios Públicos, SNC (National Works and Public Services Bank) or Banobras is a state owned development bank in

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 Guatema ...

. 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 Abelardo Rodríguez Luján, commonly known as Abelardo L. Rodríguez (; 12 May 1889 – 13 February 1967) was the Substitute President of Mexico from 1932 to 1934. He completed the term of President Pascual Ortiz Rubio after his resignation, ...

. Until the

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 a ...

, its headquarters were located at the

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 ho ...

, a pyramid-shaped building designed by one of Mexico's most noted architects,

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 ...

."Cobra nueva vida un símbolo de Tlatelolco", ''Excelsior'', 29 April 2011
/ref> As of December 2005, the bank has a loan portfolio of more than US$10 billion and a

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 res ...

of more than a 1 billion.

References

External links

Official web site
Banks established in 1933 Banks of Mexico Companies based in Mexico City Government of Mexico Mexican companies established in 1933 {{mexico-company-stub

See also

References

External links