Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY) Q4 2023 Earnings Call Transcript Summary
Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY) Q4 2023 Earnings Call Transcript Summary
The following is a summary of the Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY) Q4 2023 Earnings Call Transcript:
以下是 Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY) 2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Grupo Financiero Banorte reported a Q4 net income of MXN13,044 million, a 13% increase YoY, leading to a total net income for the year of MXN52,418 million, up 18% from 2022.
A 20.7% capital adequacy ratio was achieved by the end of the year.
The Group's ROE approached 22%, exceeding initial forecasts and marking a 275 basis points lead from the previous year.
Banorte Bank secured a significant ROE of 27.4%.
The Group's Q4 net interest margin was 6.4%, while the bank reported a net interest margin of 6.6%.
The bank's cost to income ratio aligned with predictions at 36.2%.
Both net interest income and banking fees saw robust growth YoY, at 16% and 12% respectively.
Despite observed margin compression, the bank maintains a reasonable margin around 6.4 to 6.5%, balanced with strong fee activities.
Grupo Financiero Banorte报告称，第四季度净收入为130.44亿马其顿第纳尔，同比增长13％，使该年度的总净收入达到524.18亿马其顿第纳尔，较2022年增长18％。
到年底，资本充足率达到20.7％。
该集团的投资回报率接近22％，超过了最初的预期，比上年领先275个基点。
巴诺特银行获得了27.4％的巨大投资回报率。
该集团第四季度的净利率为6.4％，而该银行报告的净利率为6.6％。
该银行的成本收入比率与预测一致，为36.2％。
净利息收入和银行费用均同比强劲增长，分别为16％和12％。
尽管观察到利润率压缩，但该银行仍将合理的利润率维持在6.4％至6.5％左右，同时还要保持强劲的费用活动。
Business Progress:
业务进展：
Banorte completed its 1-2-3 Strategic Plan, enhancing capabilities to compete in a hybrid digital-physical world, with a new plan to be presented to the board soon.
The bank is set to launch a fully digital operator by the end of the month to increase financial inclusion and enhance customers' financial health by 2026.
The company is committed to sustainability, planning to reduce its carbon footprint and disclose nature-related risks from 2025.
Continued transformations are being made in the technology sector and the format of the branch network, including the moderate opening of branches with new setups.
Revenue growth is anticipated from new operations like Bineo and partners like Rappi.
The bank aims to reach a 34% cost to income ratio by 2025.
An expense growth of 13% to 14%, loan growth of 10% to 12%, and ROE of 21% to 22% for the group and 27.5% to 29% for the bank are expected for 2024.
The bank maintains a balance across businesses and is targeting a bank margin of roughly 6.5%.
Steps towards preserving credit quality have been implemented, including more selective loan origination and legal counsel involvement. Future costs of risk are expected to remain stable.
Banorte完成了1-2-3战略计划，增强了在数字物理混合世界中的竞争能力，新计划不久将提交给董事会。
该银行将在本月底之前推出一家完全数字化的运营商，以在2026年之前提高金融包容性并改善客户的财务状况。
该公司致力于可持续发展，计划从2025年起减少其碳足迹并披露与自然相关的风险。
技术领域和分支机构网络的格式正在持续进行转型，包括适度开设新的分支机构。
预计收入将来自Bineo等新业务和Rappi等合作伙伴。
该银行的目标是到2025年达到34％的成本收入比。
预计2024年该集团的支出将增长13％至14％，贷款增长10％至12％，投资回报率为21％至22％，该银行的投资回报率为27.5％至29％。
该银行保持业务平衡，目标是银行利润率约为6.5％。
已经采取了维护信贷质量的措施，包括更有选择性的贷款发放和法律顾问的参与。预计未来的风险成本将保持稳定。
More detailed: Grupo Financiero Banorte SAB de CV Sponsored ADR Class O IR
Tips: This article is generated by AI and the accuracy of the content can not be fully guaranteed. For more and comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成，无法完全保证内容的准确性。欲了解更多全面的详情，请访问投资者关系网站。本文仅供投资者参考，不提供任何指导或建议建议。