He will sell Banorte to Bineo his 100% digital bank

Financial Group Banorte considers selling or merging Bineo, its 100 percent digital bank, just one a or later since its launch.

Reading time approx.: 2 minutes, 56 secondsThe director general of the entity pointed out that the proposal of President Claudia Sheinbaum to reduce the cost of credit is reasonable. He said that in this project the bank will be in the first line, with the expectation of a drop of 125 base points this year in the interbank interest rate, today at levels of 9.0%.

Banorte analyzes the merger or sale of Bineo , the digital bank that he launched a year ago and that cost 10 million dollars only in advertising and 100 million in the start-up. "We see that we do not need the bank to mature and we are not afraid to say that when we go to a single highway (one bank) it will go better. We are very agile when making the decisions, right now what is best for us is to merge it because we lost a lot," said the CEO of…