Banobras

Banco Nacional de Obras y Servicios Públicos, SNC or Banobras is state owned development bank in Mexico. Its core business is sub national and project finance. It was founded in 1933 as Banco Nacional Hipotecario Urbano y de Obras Públicas, S.A 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. 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.