Banorte, Mexico’s fifth-largest bank, is doing well under the leadership of chief executive Luis Peña Kegel.Monica Campbell reports from Mexico City.

These days, Luis Peña Kegel, the 45-year old chief executive of Banorte, has reason to relax in his spacious Mexico City office. Talk about a strong year. In the second quarter of 2005, Banorte delivered earnings totalling $192m, a 249% jump compared to the same 2004 period.

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