Banorte predicts 9% increase in loans

During the presentation of its quarterly results, Banorte expressed confidence that the trade agreement between Mexico, the United States, and Canada is in the best interest of all three countries and represents a competitive advantage for Mexico.

In the current context, companies are seeking short-term financing, and although the outlook does not appear discouraging, it could improve in the second half of the year if the three countries reach an agreement.

Alejandro Padilla, the bank’s chief economist, noted that in the coming quarters, the economy could grow at a rate of between 1.2% and 2.2%. Consequently, the growth forecast of 1.4% for all of 2026 remains unchanged.

In the second quarter of the year, Banorte reported $69 billion in loans, representing an 8% increase compared to last year.

Growth in the consumer loan portfolio—which includes credit cards, mortgages, auto loans, and payroll loans—rose 10% compared to the second quarter of 2025, reaching a portfolio value of US$32 billion.

Credit card lending increased by 12% to US$4.6 billion, and mortgages grew by 5% to US$17 billion.

The delinquency rate rose to 1.5%, although the bank stated that this is an acceptable level and lower than that of its competitors.