July 25, 2019 / 9:50 PM / a month ago

Mexico's Banorte reports 21% jump in Q2 net profit

MEXICO CITY, July 25 (Reuters) - Mexico's Grupo Financiero Banorte, which owns the country's second-largest bank and largest pension fund, reported on Thursday a 21% increase in second quarter net profit versus the same quarter a year earlier.

Net profit totaled 8.728 billion pesos ($454.7 million) in the period.

($1 = 19.197 pesos)

Reporting by Stefanie Eschenbacher; Editing by Anthony Esposito

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