Mexico's Banorte says 1st-qtr profit rises 16 pct

MEXICO CITY, April 24 Thu Apr 24, 2014 5:20pm EDT

MEXICO CITY, April 24 (Reuters) - Mexico's fourth-largest bank by assets, Grupo Financiero Banorte, on Thursday said its first-quarter profit rose 16 percent as it added bank accounts and made more loans.

The bank's quarterly profit rose to 3.628 billion pesos ($278 million) in the January-March period.

Banorte said its loan book grew 6 percent from a year earlier.

The bank did not immediately give year-earlier figures.

($1 = 13.06 pesos at end March) (Reporting by Elinor Comlay)

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