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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.
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| Company type | State owned |
|---|---|
| Industry | Financial services |
| Founded | 1933 (as Banco Nacional Hipotecario Urbano y de Obras Públicas, S.A.) |
| Headquarters | Mexico City, Mexico |
Key people | Jorge Mendoza Director General |
| Products | Banking, Financial |
Number of employees | 900 |
| Website | www.banobras.gob.mx |
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.[1]
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.
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