Overview

• Banorte has tripled its spending on anti-money laundering technology, client due diligence and cybersecurity since February.
• The bank has seen an uptick in retail and corporate customers moving their accounts from CIBanco, Intercam and Vector Casa de Bolsa.
• It will review trust portfolios held by peer banks individually and consider acquiring those that align with its fiduciary business strategy.
• Grupo Financiero Banorte reported a half-year net profit of 29,906 million pesos in H1 2025, a 6% increase year-on-year.
• Communications with authorities confirm that no other Mexican banks beyond the three under US scrutiny are facing similar AML investigations.