January 25, 2018 / 10:38 PM / a month ago

Mexico's Banorte sees 24 pct rise in net profit in fourth qtr

MEXICO CITY, Jan 25 (Reuters) - Mexico’s Grupo Financiero Banorte, which owns one of the country’s largest banks, said on Thursday its net profit rose 24 percent in the fourth quarter.

Banorte said net profit rose to 6.48 billion pesos ($330 million) during the three-month period ending December.

$1 dollar = 19.6595 pesos on Dec. 29 Reporting by Stefanie Eschenbacher and Noe Torres; writing by Julia Love

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