Mexico's Banorte posts 9% profit climb in Q1-March 2024-www.financetom.com

Mexico's Banorte posts 9% profit climb in Q1

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Mexico's Banorte posts 9% profit climb in Q1

Apr 16, 2024 2:19 PM

MEXICO CITY, April 16 (Reuters) - Mexico's Grupo

Financiero Banorte reported on Tuesday a 9%

increase in its first-quarter net profit from the year-ago

period, hitting 14.208 billion pesos.

Revenue for the group, which owns one of the country's

largest banks and pension funds, totaled 37.038 billion pesos in

the quarter, up 15% from a year earlier.

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