MEXICO CITY, July 23 (Reuters) - Mexico’s Grupo Financiero Banorte on Thursday reported second-quarter profit of 4.003 billion pesos ($255 million), a 3 percent increase over the first quarter.
The bank, Mexico’s fourth largest by assets, did not offer a comparison with the same period last year in its initial press release.
Banorte said its loan book, excluding bad loans, expanded 12 percent to $486.017 billion pesos.
Its share price on Mexico’s bourse fell 0.17 percent to 85.82 pesos prior to the earnings report.
$1 = 15.695 pesos at end June Reporting by Noe Torres and Alexandra Alper; Editing by Bernard Orr