About Grupo Financiero Banorte
Grupo Financiero Banorte, the second-largest lender in Mexico, reported a 15.7% increase in profits for the fourth quarter of 2025, driven by portfolio growth and margin management in a low-interest-rate environment.
Financial Performance
From October to December, Banorte achieved its highest profit growth in 11 quarters, reaching a record-breaking 15,874 million pesos. This performance surpassed analyst expectations by 6%, marking the first improvement in three years.
Key Factors for Success
Banorte attributed its strong performance to structural group strength, robust and diversified business lines, resilient margins, and disciplined cost management. The bank’s loan portfolio expanded by 8%, with notable growth in automotive and credit card segments. The bank’s delinquency rate stood at 1.38%.
Strategic Moves and Expansion
Banorte’s sale of its digital bank, Bineo, to financial technology firm Klar, announced in September, is ongoing as part of a broader digital strategy review.
In the past year, Banorte opened 27 branches across various regions to extend financial services and stimulate economic development in the communities, municipalities, and states where it operates.
Market Share Growth
Banorte’s market share in the country grew across all credit and money-raising segments, according to Marcos Ramírez, Banorte’s General Director. Notable growth areas include:
- Automotive Credit: Increased from 18% to 19.6% between November 2024 and November 2025.
- Government Credit: Rose from 27.2% to 30.3%.
