Grupo Financiero Banorte SAB de CV (OTCPK:GBOOF)
$ 7.15 0.0625 (0.88%) Market Cap: 19.77 Bil Enterprise Value: 21.74 Bil PE Ratio: 6.74 PB Ratio: 1.53 GF Score: 70/100
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Q2 2023 Grupo Financiero Banorte SAB de CV Earnings Call Transcript

Jul 21, 2023 / 03:00PM GMT
Release Date Price: $8.54 (-6.08%)
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, everyone. Thank you for joining. I'm Tomas Lozano, Head of Corporate Development, Investor Relations and ESG. Welcome to Grupo Financiero Banorte's second quarter earnings call. In today's call, our CEO, Marcos Ramirez, will comment on the effects of rates, inflation and nearshoring for Banorte followed by the main results for the quarter, including loan growth, inflation related effects on the margin and the evolution of asset quality. He will also provide the key highlights related to our progress in ESG. Then Rafael Arana, our COO and CFO, will guide you through the financial results and walk you through the updated guidance for the remainder of the year.

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 disclaimer regarding forward-looking

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