Friday, December 16, 2011

Banorte Pioneering Institution in Impact Investing in Mexico ...

(3BL Media / theCSRfeed) - December 15, 2011 -?Impact?investing?is?the?investment strategy,?aimed at?creating?social and/or environmental?benefits, as well as,?a?financial performance.?Impact investing?differs from charity,?and examples?are, renewable energy, sustainable agriculture,?low-income housing, recycling,?among others.

For?Banorte,?as?an institution committed to?social responsibility?is important to?support initiatives that?aim at consolidating the?impact investing?in Mexico, through?which it?promotes investment and?development that?benefits society?at large.
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As?Banorte, New?Ventures?Mexico, U.S.?Mexico Foundation?and?Angel?Ventures?Mexico participate?as?Founding Partners.?Other members of this?exclusive network?are?AVINA,?Social?Promoter?Mexico, Adobe?Capital,?Spectron, and?Halloran?Philanthropies.
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Some?facts about?TONIIC:?

? More than 250?investment opportunities?were referred to TONIIC?in its?first year.

? So far?it has?29 members?from 5 countries.

??TONIIC?represents more than?$100 million?USD?capital?investment

? 12?investments?over $3 million?USD?available for some?of it

??10 companies?are presented monthly?to TONIIC?U.S.?investors.

TONIIC?was founded?in late?2010 in?San?Francisco?CA?with the support?of important?partners such as?Legacy?Works,?RSF?Social?Finance,?Agora?Partnerships, Global?Impact Investing?Network (Giina) and?Unresonable?Institute,?among others.?In less?than a year?created?TONIIC?USA,?Europe and now?TONIIC?Mexico, soon?TONIIC?United Kingdom, Brazil?and India.
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Grupo Financiero Banorte (?GFNorte?) is one of the leading financial institutions in Mexico. After the merger with Ixe, it has a network of more than 1,300 branches, over 6,200 ATMs and more than 73,000 point of sale terminals (POSs). GFNorte offers banking services, premium banking, Wholesale banking, and through its correspondent agreements with Telecomm-Telegraph and 7-Eleven Mexico, to more than 9.1 million clients and almost 8 million through its subsidiaries that provide a full range of banking, brokerage services, insurance, asset management, retirement savings fund, leasing, factoring and warehousing. GFNorte also has presence in the US Hispanic market through the Texas based Inter National Bank, and the remittance companies Motran and Uniteller located in California and New Jersey, respectively.
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BAN19620?

Source: http://3blmedia.com/theCSRfeed/Banorte-Pioneering-Institution-Impact-Investing-Mexico-Participates-Founding-Partner-TONI

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