UPDATE 1-Mexico's Banorte says 1st-qtr profit rises 16 pct
April 24, 2014 at 17:52 PM EDT
MEXICO CITY, April 24 (Reuters) - Mexico's fourth-largest bank by assets, Grupo Financiero Banorte, on Thursday said its first-quarter profit rose 16 percent as it added bank accounts and increased lending even as bad loans rose.