Banorte recognized as Best Bank for SMEs in Mexico due to strong SME portfolio growth and financial inclusion initiatives
Executive summary: Euromoney named Banorte, led by Carlos Hank Gonzalez, as the Best Bank for SMEs in Mexico based on its SME portfolio performance, financial inclusion efforts, product customization, and digital capabilities. The award reinforces Banorte’s market leadership in Mexico’s SME banking sector, where it holds over 14% market share, and underscores the growing importance of digital banking and inclusion strategies in attracting and retaining small business clients.
Who is involved: Banorte (led by Carlos Hank Gonzalez), Euromoney, Mexican SMEs, and women entrepreneurs supported through Banorte’s initiatives.
Likely next: Banorte may leverage the award to expand its SME client base, deepen digital offerings, and compete more aggressively with other Mexican banks targeting the SME segment.
Euromoney awarded Banorte, led by Carlos Hank Gonzalez, the title of Best Bank for SMEs in Mexico, citing its SME portfolio growth exceeding 14% market share by end-2025, financial inclusion programs, custom product development, and digital capabilities. The bank supported over 5,000 women entrepreneurs in 2025. This recognition highlights Banorte’s competitive edge in Mexico’s SME banking segment, where tailored services and digital adoption are increasingly critical for market leadership.
Timeline
- — Topgolf and Special Olympics Expand Inclusive Golf Opportunities Worldwide (PR Newswire)
- — Euromoney recognizes Banorte, led by Carlos Hank Gonzalez, as Best Bank for SMEs in Mexico (PR Newswire)
Analysis — what this means
Likely next events
- Banorte to report Q3 2026 financial results in October 2026, likely highlighting SME segment performance
- Euromoney to publish its 2027 Banking Awards nominations in Q1 2027
- Mexican banking regulators may introduce new SME lending incentives by end-2026
- Competitor banks (e.g., BBVA Mexico, Santander Mexico) may launch similar SME-focused digital campaigns in Q4 2026
Sectors affected
- Mexican banking sector
- SME financial services
- Digital banking platforms in Latin America
Regulatory implications
- Mexico’s CNBV may encourage financial inclusion metrics in bank ratings by 2027
- No immediate regulatory changes expected from the award itself
- Banorte’s inclusion programs align with Mexico’s National Financial Inclusion Strategy (2021-2024)
Historical parallels
- BBVA Mexico won Euromoney’s Best Bank for SMEs in Latin America in 2020
- Santander Mexico was recognized for SME innovation by Global Finance in 2021
- Banorte previously won ‘Best Bank in Mexico’ by Euromoney in 2019
Sources
- Euromoney recognizes Banorte, led by Carlos Hank Gonzalez, as Best Bank for SMEs in Mexico — PR Newswire
- Topgolf and Special Olympics Expand Inclusive Golf Opportunities Worldwide — PR Newswire
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