Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 06:36 pm EDT
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Grupo Financiero Banorte, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was MXN 26,922.27 million. Net income was MXN 10,748.1 million. Basic earnings per share from continuing operations was MXN 3.728.
Grupo Financiero Banorte SAB de CV is a Mexico-based financial institution (the Bank) engaged in the banking sector. The Bank operates in four business sectors: Banking, Savings, Brokerage and Other financial services. The Banking division provides current accounts, consumer and commercial loans, as well as credit and debit cards, among others. The Savings division offers products related to insurance and pension schemes. The Brokerage division focuses on the investment funds management and securities trading. The Other financial services division includes leasing, factoring, portfolio management and warehousing, among others. The Bank offers financial products and services to individual and business customers. It operates through a number of subsidiaries, such as Almacenadora Banorte SA de CV Organizacion Auxiliar del Credito Grupo Financiero Banorte, Casa de Bolsa Banorte IXE SA de CV Grupo Financiero Banorte and Ixe Servicios SA de CV.
GRUPO FINANCIERO BANORTE, S.A.B. DE C.V. 
