UPDATE 1-Mexico's Banorte profits drop as main banking unit suffers [Reuters (UK)]
GRUPO FINC BANORTE S/ADR (GBOOY)
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Source: Reuters
Mexico's Banorte profits drop as main banking unit suffers - Reuters 1 Min Read MEXICO CITY (Reuters) - Mexico’s Grupo Financiero Banorte, which owns the country’s second-largest bank and largest pension fund, reported on Thursday a 12% drop in fourth-quarter net profits from the same quarter a year earlier. The group said its net profit in the quarter was 9.01 billion pesos ($477 million) after suffering losses from its largest business unit, Banco Mercantil del Norte, which operates as Banorte in Mexico. Reporting by Noe Torres and Stefanie Eschenbacher; Editing by Julia Love and Marguerita Choy All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2020 Reuters. All Rights Reserved.
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