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 Guate ...
. 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
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
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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
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
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