factoring Mexico 04-05-2004 Banorte Q1 profits climb but factoring profits slump Profits at Mexico’s fourth-largest banking group Grupo Financiero Banorte (GF Banorte) widened year-on-year 5.7% to 559m pesos (US$49m) in the first quarter, thanks to higher commission and financial intermediation revenues.… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here