There were 500, but 362 employees were fired by merger, says Banorte



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The general manager of Grupo Financiero Banorte, Marcos Ramirez, said that prior to the merger that he had with Interactions they fired 362 employees and not 500 as reported by Reuters in the morning.

In a press conference during the presentation of his results for the second quarter of the year, the executive explained that the cut was already planned as part of the merger and the expects to expand, the bank will hire new staff in the future.

"What we are going to do is continue to grow and contract." director

Ramírez added that the merger of companies involves adjustments in facilities, operations, among others, which have already been reported to shareholders.

currently Grupo Financiero Banorte has 28,500 employees and that the merger process will not involve the withdrawal of investment in assets.

Banorte reported net profit of 13 thousand 960 million pesos in the first half of the year. , 25% higher than that recorded in the same period of 2017.

The group's credit portfolio grew by 8%, with a current total leap of 640 thousand 660 million pesos, 8% over In the consumer portfolio Banorte recorded growth of 15%, with a total consumer balance of 15%.

"We continue to grow where we want to grow. in consumption, "said the manager.

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