Mexico's Banorte profit rises 5.4 pct in fourth quarter

jueves 22 de enero de 2015 18:38 GYT

MEXICO CITY Jan 22 (Reuters) - Mexico's Grupo Financiero Banorte on Thursday said its fourth-quarter profit climbed 5.4 percent from the year-earlier period.

The bank reported a fourth-quarter profit of 3.819 billion pesos ($259 million), up from 3.622 billion pesos in the same quarter a year earlier.

Banorte said its loan book expanded 11 percent to 472 billion pesos, net of bad loans.

($1 = 14.7475 pesos at end Dec) (Reporting by Elinor Comlay)