2016 performance
In 2016, Banorte’s leasing and factoring revenues increased increase due to interest income as a result of portfolio’s growth, as well as the growth in non-interest income. Increases in income have allowed the net result to grow 22% compared to 2015, to Ps 693 million.
We reduced the PDL Ratio to 0.7% vs. 0.8% of 2015. Meanwhile, Warehouse achieved net profits for Ps 28 million pesos.
We reduced the PDL Ratio to 0.7% vs.
the 0.8% registered for 2015.
LEASING
In the year, the portfolio maintained its trend of growth and continued to make improvements in the quality of service to attract world-class companies.
WAREHOUSE
Warehouse offers management and administrative services for domestic or imported goods, and also issues certificates of deposits and pledge bonds used to guarantee secured loans, stock checking and marketing of inventories.
FACTORING
We remain among the leaders in the sector, because we have worked to maintain our market share.
2017 Prospects
We will continue to work to expand our leasing and factoring portfolio, complementing it to increase services in areas that will have opportunities for growth this year.
To increase profitability, we will continue to fority our relationship with other areas of Grupo Financiero Banorte.
Gerardo Zamora Nañez
Deputy Managing Director
Transactional Banking, Leasing and Factoring
“We continue to increase our leasing and factoring portfolio, and are complementing our portfolio to expand services in areas that will have opportunities for growth this year.”
Gerardo Zamora Nañez
Deputy Managing Director
Transactional Banking, Leasing and Factoring