MEXICO CITY, Jan 28 (Reuters) -
Mexican lender Banorte on Tuesday posted a 5%
climb in its fourth-quarter net profit, boosted by growth in its
loan book across sectors.
Banorte's net profit hit 13.72 billion Mexican pesos
($657 million), in line with the 13.81-billion-peso estimate
from analysts polled by LSEG.
Quarterly revenue for the group, which owns one of the
country's largest banks and pension funds, was up 9% to total
38.18 billion pesos, in line with analysts' forecast of 38.89
billion pesos.
In a presentation, Banorte said its total loans (stages
one and two) grew 14.3% year-on-year in the quarter, led by
corporate loans which were up 23.6%, followed by commercial
loans, which grew 17.9%.
($1 = 20.8829 Mexican pesos at end-December)