Grupo Financiero Banorte SAB de CV (GFNORTEO.MX)
26 Apr 2018
MEXICO CITY, April 26 Mexican bank Banorte said on Thursday that its net profit in the first quarter rose more than 22 percent to nearly 6.8 billion pesos ($370 million), helped by growth in its pension and insurance units and consumer credit.
MEXICO CITY Mexico's state and municipal government debt sector will likely see lower borrowing costs in the coming months following the acquisition of Grupo Financiero Interacciones by Banorte, Interacciones CEO said on Wednesday.
MONTERREY Shareholders in Mexico's Banorte on Tuesday approved the acquisition of Grupo Financiero Interacciones, which will create the country's second-biggest bank.
MONTERREY, Dec 5 Shareholders in Mexico's Banorte on Tuesday approved the acquisition of Grupo Financiero Interacciones, which will create the country's second-biggest bank.
(The following statement was released by the rating agency) MONTERREY, October 31 (Fitch) Following the recent announcement of a binding agreement to merge Grupo Financiero Banorte, S.A.B. de C.V. (GFNorte) and Grupo Financiero Interacciones, S.A.B. de C.V. (GFInteracciones), Fitch has placed most of GFNorte's ratings, as well as those of its subsidiaries, on Rating Watch Negative. In addition, Fitch has placed the ratings of GFInteracciones subsidiaries Banco Interacciones, S.A. (Interacciones)