Grupo Financiero Banorte Sab De Cv Class OBMV: GFNORTE/O

GFNORTE/O: Strong core results offset by Bineo impairment and isolated provisioning; asset quality stable

· Issued by Grupo Financiero Banorte Sab De Cv Class O

Solid core business growth was offset by Bineo's divestiture impairment and higher provisioning from an isolated commercial case, leading to a 9% year-over-year drop in net income. Asset quality remains strong overall, with robust capital and liquidity ratios.

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