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(as Banco Nacional Hipotecario Urbano y de Obras Públicas, S.A.)
|Headquarters||Mexico City, Mexico|
Number of employees
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.
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