Grupo Financiero Banorte S.A.B. de C.V. operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Grupo Financiero Banorte S.A.B. de C.V. with three other
banks in Latin America:
sales of 20.49 trillion Colombian Pesos [US$6.80 billion]
of which 57%
was Banking Colombia),
Santander Mexico Financial Group SAB de CV
(100.04 billion Mexican Pesos [US$5.72 billion]
of which 24%
was Commercial Banking), and
based in Chile
(4.44 trillion Chilean Pesos [US$6.79 billion]
of which 38%
During the year ended December of 2016, sales at
Grupo Financiero Banorte S.A.B. de C.V. were 120.60 billion Mexican Pesos (US$6.90 billion).
increase of 12.7%
versus 2015, when the company's sales were 107.02 billion Mexican Pesos.
Sales of Saving saw an increase
12.4% in 2016, from
5.10 billion Mexican Pesos to 5.73 billion Mexican Pesos.
Not all segments of Grupo Financiero Banorte S.A.B. de C.V. experienced an increase in sales in 2016:
sales of Credit Related Services fell 64.1% to 178.00 million Mexican Pesos.
(However, this segment's sales were only a very small portion of the company's overall sales).