Grupo Financiero Banorte SAB de CV (MEX:GFNORTEO)
MXN 134.61 -2.39 (-1.74%) Market Cap: 384.24 Bil Enterprise Value: 406.18 Bil PE Ratio: 7.33 PB Ratio: 1.58 GF Score: 71/100
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Q3 2023 Grupo Financiero Banorte SAB de CV Earnings Call Transcript

Nov 01, 2023 / 03:00PM GMT
Release Date Price: MXN151.08 (+3.44%)
Tomas Lozano Derbez
Grupo Financiero Banorte, S.A.B. de C.V. - Head of Corporate Development, IR, Financial Intelligence, M&A and Sustainability

Good morning. I'm Tomas Lozano, Head of Corporate Development, Investor Relations and ESG. Welcome to Grupo Financiero Banorte's Third Quarter Earnings Call.

In today's call, our CEO, Marcos Ramirez, will walk us through the main results of the bank, providing details on the positive trends of our loan portfolio, including nearshoring opportunities and the continued strength in consumer. He will also comment on asset quality and the normalization process of the non-banking subsidiaries as well as an update on ESG. Then Rafael Arana, our COO and CFO, will provide an overview of the main financial results, including a deeper breakdown on the margin and the components, the evolution of expense control for the year and capital allocation.

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

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