Grupo Financiero Banorte reported fourth-quarter 2023 net profit of 13.04 billion pesos, equivalent to approximately USD 768.8 million, a 13% increase compared with the same period in 2022. For full-year 2023, the Mexican financial group recorded net profit of 52.42 billion pesos, representing 15% growth over the prior year. The quarterly loan portfolio grew 12% year on year in the fourth quarter.
Banorte presented the full-year and fourth-quarter results alongside guidance for approximately 10% revenue growth in 2024.
Bank news that matters, every weekday.
Follow The Global Banker on LinkedIn