Grupo Financiero Banorte SAB de CV (FRA:4FN)
€ 6.5 -0.05 (-0.76%) Market Cap: 18.36 Bil Enterprise Value: 20.25 Bil PE Ratio: 7.33 PB Ratio: 1.57 GF Score: 75/100

Q4 2023 Grupo Financiero Banorte SAB de CV Earnings Call Transcript

Jan 18, 2024 / 03:00PM GMT
Release Date Price: €8.6 (-3.37%)
Tomas Lozano Derbez
Grupo Financiero Banorte, S.A.B. de C.V. - Head of Corporate Development, IR, Financial Intelligence, M&A and Sustainability

Good morning. I am Tomas Lozano Derbez, Head of Corporate Development, Investor Relations and ESG. Welcome to Grupo Financiero Banorte's Fourth Quarter Earnings Call.

We will begin our presentation from our CEO, Marcos Ramirez, who will walk us through the main financial indicators of the quarter and the year, including loan growth, our resilient asset quality, our main profitability indicators as well as an update on ESG. Then Rafael Arana, our COO and CFO, will provide details on the NIM, the evolution of the cost of funds and our progress in preparing our balance sheet for the lower rate cycle. He will also provide further details on expenses during the quarter, and will conclude with our 2024 guidance.

Please note that today's presentation may include forward-looking statements that are subject to risks and uncertainties, which may cause actual results to differ materially. On Page 2 of our conference call deck, you will find our full

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