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Mexico's Banorte posts 4th-qtr profit of 4.940 bln pesos
January 28, 2016 / 10:34 PM / 2 years ago

Mexico's Banorte posts 4th-qtr profit of 4.940 bln pesos

MEXICO CITY, Jan 28 (Reuters) - Mexico’s Grupo Financiero Banorte, the country’s fourth-largest bank by assets, on Thursday reported a fourth-quarter profit of 4.94 billion pesos ($287 million).

The bank, the biggest still owned by Mexicans, did not offer a comparison with the same period last year in its initial press release.

Banorte said its loan book, excluding bad loans, was 518.059 billion pesos.

$1 = 17.2120 pesos at end-December Reporting by Tomas Sarmiento; Editing by Chris Reese

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