Banorte Says Quarterly Profit Rose 36% to 2.46 Billion Pesos

Grupo Financiero Banorte SAB said first-quarter net income rose 36 percent from the same period a year earlier to 2.46 billion pesos.

Outstanding loans rose 33 percent to 360 billion pesos, the company said in an e-mailed statement.

To contact the reporters on this story: Jonathan Roeder in Mexico City at jroeder@bloomberg.net; Carlos Manuel Rodriguez in Mexico City at carlosmr@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

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