Movements in stock price of Grupo Financiero Banorte (GFNORTE)
Sep 22, 2011
OTC Disclosure News Service
Monterrey, N.L. –
Grupo Financiero Banorte S.A.B. de C.V. (BMV: GFNORTEO) informs that the bank has no pending material information to be disclosed and believes that today’s variation in the stock price is due to market movements caused by external factors; the negative change in the price is the result of the aversion that exists for international bank shares and not to specific problems related to Banorte. GFNORTE reiterates to the investor community that its financial fundamentals remain solid and its estimated results for 2011 remain unchanged.
GFNORTE reiterates its commitment to the financial community and investors to maintain modern and transparent in information disclosure, strictly in compliance with Mexico’s “Ley de Mercado de Valores” (Securities Market Law).
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.