Grupo Financiero Banorte SAB de CV (OTCPK:GBOOY)
$ 34.805 -0.455 (-1.29%) Market Cap: 19.87 Bil Enterprise Value: 20.97 Bil PE Ratio: 6.49 PB Ratio: 1.64 GF Score: 72/100

Q2 2024 Grupo Financiero Banorte SAB de CV Earnings Call Transcript

Jul 24, 2024 / 03:00PM GMT
Release Date Price: $39.24 (-4.66%)
Tomas Lozano
Grupo Financiero Banorte SAB de CV - Executive Director - Investor Relations, Corporate Development and Sustainability

Good morning, everyone. I'm Tomas Lozano, Head of Corporate Development, Investor Relations and ESG. I would like to welcome you to Grupo Financiero Banorte's second-quarter earnings call. We will begin today's presentation with our CEO, Marcos Ramirez, who will provide an update of the political and macroeconomic events that surrounded our second quarter's operation followed by an overview of the Group's main results, our quarterly update on sustainability as well as details on our capital allocation strategy and buyback activity.

Then, Rafael Arana, our COO, will walk us through the evolution of the margin and balance sheet sensitivity as well as details on asset quality and efficiency, among other relevant updates. Please note that today's presentation may include forward-looking statements that are subject to risks and uncertainties, which may cause actual results to differ materially. On page 2 of our conference call deck, you will find our full disclaimer

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