July 26, 2018 / 9:47 PM / 3 months ago

Mexico's Banorte posts profit up 27 pct on loan growth

MEXICO CITY, July 26 (Reuters) - Mexico’s Grupo Financiero Banorte, the country’s second-biggest bank, on Thursday reported a 27 percent rise in second-quarter net profit.

Banorte said profit rose to 7.191 billion pesos ($362 million) during the three-month period, helped by an 8 percent increase in its loan portfolio. ($1 = 19.8730 pesos end-June) (Reporting by Stefanie Eschenbacher and Sheky Espejo Editing by Christine Murray)

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