2012 Annual Report - Ixe

Notas a los Estados Financieros
Grupo Financiero Banorte
OTHER FINANCE COMPANIES
Arrendadora y Factor Banorte (Leasing and Factoring)
Fitch Ratings assigned a short-term rating of F1+(mex) and a
long-term rating of AA+(mex) to Arrendadora y Factor Banorte’s
Stock Certificates Program amounting to Ps. 3 billion with a 5-year
maturity. Moody’s de México, a securities rating company that
is authorized and overseen by the CNBV, assigned a rating of
Aaa.mx and MX-z to our company for its solid asset quality,
outstanding profitability levels, very high credit quality, and
good financial flexibility in terms of its funding.
OUR 2013 COMMITMENT: Maintain our local leadership with a
significant increase in market penetration and profitability of
our portfolios. We will continue to work to meet the expectations
of our customers in our role as strategic suppliers of asset
investments.
Almacenadora Banorte (Warehousing)
At Almacenadora Banorte the promotion of products for
warehouse enabling and inventory commercialization will spur
revenue growth following the inauguration of new facilities and
cross selling operations with Business Banking clients generating
bigger issuances of Certificates of Deposit and new transactions
for inventory financing.
VALUE CHAIN
Regarding the contracting of goods and service providers, we
have developed a series of policies aimed at guaranteeing
the long-term sustainability of our entire Value Chain.
As of June 2012, a clause was introduced in new contracts and
contract renewals that guarantees knowledge, compliance
and promotion of the 10 fundamental principles of the UN
Global Compact in the area of Human Rights, Labor, the
Environment and Anti-Corruption These values are based on the
UN “Universal Declaration of Human Rights”, The International
Labour Organization’s “The Declaration on Fundamental
Principles and Rights at Work,” the UN’s “The Rio Declaration
on Environment and Development” and “The United Nations
Convention against Corruption”.
During the supplier selection process, if the Purchasing
Department finds that suppliers are offering the same service
characteristics with the same cost-benefit relationship,
preference should be given to the company with the “Socially
Responsible Company” seal or which actively participates in
environmental conservation.
OUR 2013 COMMITMENT: Increase revenue through a
bigger issuance of Certificates of Deposit and the Inventory
Commercialization operation based on synergies and product
cross selling, mainly with GFNorte business areas, and with these
areas doing the same.
At GFNorte we support the economy
of communities where we are present,
and so in 2012 the budget allocated
to Mexican suppliers was 70%.
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