Resilient Private Consumption
Despite a challenging macroeconomic environment, private consumption in Mexico remains resilient, supporting GDP growth forecast of 0.5% for 2025.
Increase in Net Income for H1 2025
Net income for the first half of 2025 reached MXN 29.9 billion, an increase of 6% compared to the same period last year.
Strong Consumer Portfolio Growth
Consumer lending grew 12% year-over-year, with significant growth in auto loans (30%), credit card portfolio (18%), and mortgage book (8%).
Improved Return on Equity
ROE increased 17 basis points in the quarter to 23.6%, with the bank's ROE at 30.2%.
Asset Quality Better Than Expected
NPA ratio stood at 1.1% with a slight decrease in cost of risk to 1.7% supported by effective risk models.
Commitment to Anti-Money Laundering
Banorte is enhancing its anti-money laundering compliance programs, including reassessing policies, conducting customer reviews, and training staff.
Sustainability Initiatives
Banorte has received EDGE certification for 8 branches and is installing solar plants in 25 branches as part of its sustainability efforts.