22 de enero de 2015 / 22:41 / en 3 años

Mexico's Banorte profit rises 5.4 pct in fourth quarter

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

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