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年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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報告稱，第四季度淨收入爲130.44億馬其頓第納爾，同比增長13％，使該年度的總淨收入達到524.18億馬其頓第納爾，較2022年增長18％。
到年底，資本充足率達到20.7％。
該集團的投資回報率接近22％，超過了最初的預期，比上年領先275個點子。
巴諾特銀行獲得了27.4％的巨大投資回報率。
該集團第四季度的淨利率爲6.4％，而該銀行報告的淨利率爲6.6％。
該銀行的成本收入比率與預測一致，爲36.2％。
淨利息收入和銀行費用均同比強勁增長，分別爲16％和12％。
儘管觀察到利潤率壓縮，但該銀行仍將合理的利潤率維持在6.4％至6.5％左右，同時還要保持強勁的費用活動。
Business Progress:
業務進展：
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戰略計劃，增強了在數字物理混合世界中的競爭能力，新計劃不久將提交給董事會。
該銀行將在本月底之前推出一家完全數字化的運營商，以在2026年之前提高金融包容性並改善客戶的財務狀況。
該公司致力於可持續發展，計劃從2025年起減少其碳足跡並披露與自然相關的風險。
技術領域和分支機構網絡的格式正在持續進行轉型，包括適度開設新的分支機構。
預計收入將來自Bineo等新業務和Rappi等合作伙伴。
該銀行的目標是到2025年達到34％的成本收入比。
預計2024年該集團的支出將增長13％至14％，貸款增長10％至12％，投資回報率爲21％至22％，該銀行的投資回報率爲27.5％至29％。
該銀行保持業務平衡，目標是銀行利潤率約爲6.5％。
已經採取了維護信貸質量的措施，包括更有選擇性的貸款發放和法律顧問的參與。預計未來的風險成本將保持穩定。
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，無法完全保證內容的準確性。欲了解更多全面的詳情，請訪問投資者關係網站。本文僅供投資者參考，不提供任何指導或建議建議。
譯文內容由第三人軟體翻譯。