Banco Nacional de Obras y Servicios Públicos, SNC (National Works and Public Services Bank) or Banobras is a 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. 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 US$10 billion and a tier 1 capital of more than a 1 billion.