Mexico's Grupo Financiero Banorte reported a 6% rise in second-quarter net profit on Tuesday, slightly above estimates, boosted by strong demand for consumer loans and higher fee income.
Net profit reached 15.55 billion pesos ($888.64 million), above an LSEG-compiled estimate of 15.53 billion pesos, as revenues totaled 43.15 billion pesos, up 12% year-over-year and above a forecast of 42.41 billion pesos.
($1 = 17.4986 Mexican pesos at end-June)
