Strong consumer loan demand lifts Banorte quarterly profit
7 Articles
7 Articles
The good dynamism in the sale of cars in Mexico, as well as the commercial strategies of the shipowners, are causing a change in the automotive credit market of the Mexican bank. Banorte accelerated the pace in the placement of credits for the purchase of vehicles during the second quarter of the year and took second place in Inbursa, which occupied that position for 25 consecutive months. In May, the bank that directs Marcos Ramírez reached an …
Report a net profit of 15 billion 550 million pesos.
Marcos Ramírez Miguel, general manager of Grupo Financiero Banorte, considered that the competition is welcome before the entrance of fintech that are becoming banks, among them Nu México, that has just received the approval of the authorities to operate with the license of multiple banking. In press conference on the occasion of the financial results of the second trimester of 2026 of the financial group, the director emphasized the importance …
The credit institution's revenues amounted to 43.150 million pesos in the three-month period, an increase of 12% per year.
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