(Refiles to remove the word “embargoed” from headline)
MEXICO CITY, April 21 (Reuters) - Mexico’s Grupo Financiero Banorte, the country’s fourth-largest bank by assets, on Thursday reported a 15 percent rise in first-quarter profit compared to the same period a year earlier.
Profit at the bank, which is the biggest in the country that still has Mexican owners, rose to 4.462 billion pesos ($258 million). Banorte said its loan book, excluding bad loans, grew to 533.6 billion pesos.
$1 = 17.29 pesos at end-March Reporting by Tomas Sarmiento