Citigroup 1Q21 Results – Mexican Consumer Banking’s Charge-Offs Are Not an Early Warning for Banorte

232 Views20 Apr 2021 04:59
Another weak quarter from Citi's Mexican entity is not, we believe, an amber light for Banorte's upcoming 1Q21 results; Banorte pre-empted with pandemic credit charges in 2Q20 and its NPL ratio is low
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