Mexico's Banorte says 3rd-qtr net profit rises 15 pct on year
MEXICO CITY Oct 23 (Reuters) - Grupo Financiero Banorte, Mexico's fourth-largest bank by assets, said on Thursday its third-quarter net profit rose 15 percent from the same period last year, mostly as a result of its increased stake in a pensions and insurance unit.
The bank's net profit rose to 4.04 billion pesos ($301 million) for the July-September period.
Banorte did not give a figure for the year-earlier quarterly profit in its initial press release. (Reporting by Christine Murray; Editing by Alan Crosby)
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