Grupo Financiero Banorte SAB de CV (XMAD:XNOR)
€ 6.75 0 (0%) Market Cap: 18.61 Bil Enterprise Value: 20.51 Bil PE Ratio: 7.23 PB Ratio: 1.55 GF Score: 69/100

Q4 2022 Grupo Financiero Banorte SAB de CV Earnings Call Transcript

Jan 20, 2023 / 03:00PM GMT
Release Date Price: €7.15
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'm Tomas Lozano, Head of Corporate Development, Investor Relations and ESG. Welcome to Grupo Financiero Banorte's Fourth Quarter Earnings Call. Our CEO, Marcos Ramirez, will provide an overview of the main results for the quarter and the year, including the market dynamics that favor loan growth and deposits, the tailwind from the rate environment in the country and the gradual recovery of our non-bank subsidiaries.

On our ESG slides, you will find the most relevant updates on this project. And I would like to highlight the completion of the first stage to quantify the carbon emissions of the most intensive sectors in our loan portfolio. You may refer to the medium and long-term reduction targets in our sustainability webpage. After our CEO's presentation, Rafael Arana, our CFO and COO, will provide a closer description of our NIM dynamics, the rationale behind our cost structure and our capital ratios. He will also present our

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