Mexican bank Banorte posts 20 pct rise in 4th-qtr profit

MEXICO CITY Thu Jan 17, 2013 5:36pm EST

MEXICO CITY Jan 17 (Reuters) - Mexico's fourth-largest bank by assets, Grupo Financiero Banorte, on Thursday posted a 20 percent rise in fourth-quarter profit.

The bank said profit climbed to 3.01 billion pesos ($234 million) in the October to December period.

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