For his part, Francisco Martha, general director of digital business development at the bank, commented that they are still waiting for the certification process by the National Banking and Securities Commission (CNBV) and that they expect this to happen between January and March 2023.
The manager added that Bineo will be the responsibility of the same bank and that it will be focused on customer experiences rather than products. He did not give details of what kind of products they would offer to clients and whether there would be a difference for current Banorte clients.
Quarterly results
In the third quarter of 2022, the bank registered a loan portfolio of 876,040 million pesos (mp), an increase of 8% compared to the same quarter of last year. In the comparison with the second quarter of this 2022, the credit portfolio had an increase of 1.7%.
From June to September, the credit portfolio was boosted by consumer loans, that is, payroll loans, cards, car and mortgage loans.
The greatest growth in consumer credit was in payroll credit (19%) with 64,970 million pesos; the growth of credit card placement was 15% with 43,145 million pesos, while mortgage loans closed at 218,039 million pesos.
The bank highlighted that digital customers increased 25% annually with 7.1 million people. Mobile banking customers grew 24% annually, going from 4.2 million to 5.2 million.
