Banobras
Encyclopedia
Banco Nacional de Obras y Servicios Públicos, SNC (National Works and Public Services Bank) or Banobras is 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
.
As of December 2005, the bank has a loan portfolio of more than 10 billion USD and a tier 1 capital
of more than a 1 billion.
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
. 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 L. Rodríguez
Abelardo Rodríguez Luján, commonly known as Abelardo L. Rodríguez was the interim president of Mexico from 1932–1934, completing the term of Pascual Ortiz after his resignation.-Early life:...
.
As of December 2005, the bank has a loan portfolio of more than 10 billion USD and a tier 1 capital
Tier 1 capital
Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view. It is composed of core capital, which consists primarily of common stock and disclosed reserves , but may also include non-redeemable non-cumulative preferred stock...
of more than a 1 billion.