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 15.64 trillion Colombian Pesos [US$5.33 billion]
of which 49%
was Banking Colombia),
(15.97 billion Peruvian New Sols [US$4.78 billion]
of which 82%
was Banking), and
Banco De Bogota
based in Colombia
(14.72 trillion Colombian Pesos [US$5.02 billion]
During the year ended December of 2015, sales at
Grupo Financiero Banorte S.A.B. de C.V. were 107.02 billion Mexican Pesos (US$4.88 billion).
decrease of 1.4%
versus 2014, when the company's sales were 108.51 billion Mexican Pesos.
Contributing to the drop in overall sales was the 15.1% decline
in Brokerage, from 931.00 million Mexican Pesos to 790.00 million Mexican Pesos.
There were also decreases in sales in
Credit Related Services (down 12.8% to 496.00 million Mexican Pesos)
However, these declines were partially offset by the increase in sales of
Commercial Banking (up 13.3% to 13.52 billion Mexican Pesos)
Saving (up 14.7% to 5.10 billion Mexican Pesos)