September 25, 2017 1:47 PM ET

Banks

Company Overview of Banco Compartamos, S.A., Institución de Banca Múltiple

Company Overview

Banco Compartamos, S.A., Institución de Banca Múltiple provides microcredit and banking services in Mexico. The company operates in three segments: Credit Transactions, Investment Banking and Treasury Transactions, and Third Party Transactions. It offers savings accounts; and loans for women, consumer loans, and microcredit for small businesses. The company also provides insurance products, debit cards, payment services, and interbank transfer services. It operates approximately 667 offices in Mexico. Banco Compartamos, S.A., Institución de Banca Múltiple has strategic alliances with Telecom and Bansefi for the payment and collection of its credit. The company was founded in 1990 and is head...

Insurgentes Sur 1458

Piso 11

Colonia Actipan

Del. Benito Juárez

Mexico City, DF 03230

Mexico

Founded in 1990

16,597 Employees

Key Executives for Banco Compartamos, S.A., Institución de Banca Múltiple

Chairman
Age: 49
Chief Operating Officer
Secretary of the Board of Directors
Compensation as of Fiscal Year 2017.

Banco Compartamos, S.A., Institución de Banca Múltiple Key Developments

Banco Compartamos, S.A Reports Non-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Banco Compartamos, S. A reported non-audited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported interest income of MXN 4,405 million against MXN 4,230 million a year ago. Net interest income was MXN 4,129 million against MXN 4,047 million a year ago. Net operating income was MXN 892 million against MXN 1,182 million a year ago. Total income before income tax was MXN 892 million against MXN 1,182 million a year ago. Net income was MXN 678 million against MXN 823 million a year ago. ROE was 23.1% against 33.4% a year ago. ROA was 9.6% against 12.0% a year ago. For the six months, the company reported interest income of MXN 8,715 million against MXN 8,290 million a year ago. Net interest income was MXN 8,145 million against MXN 7,936 million a year ago. Net operating income was MXN 2,017 million against MXN 2,375 million a year ago. Total income before income tax was MXN 2,017 million against MXN 2,375 million a year ago. Net income was MXN 1,507 million against MXN 1,654 million a year ago. ROE was 26.3% against 34.2% a year ago. ROA was 10.2% against 12.1% a year ago.

Banco Compartamos, S.A., Reports Non-Audited Earnings Results for the First Quarter Ended March 31, 2017

Banco Compartamos, S.A., reported non-audited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported interest income of MXN 4,310 million compared to MXN 4,060 million a year ago. Net interest income was MXN 4,016 million compared to MXN 3,889 million a year ago. Net operating income was MXN 1,125 million compared to MXN 1,193 million a year ago. Total income before income tax was MXN 1,125 million compared to MXN 1,193 million a year ago. Net income was MXN 829 million compared to MXN 831 million a year ago. ROA was 11% compared with 12.2% a year ago. ROE was 29.3% compared with 34.1% a year ago.

Banco Compartamos, S.A., Institución de Banca Múltiple Announces Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

Banco Compartamos, S.A., Institución de Banca Múltiple announced audited earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net interest income of MXN 4,347 million compared to MXN 3,996 million a year ago. Net interest income after provisions was MXN 3,456 million compared to MXN 3,430 million a year ago. Net operating income was MXN 726 million compared to MXN 1,029 million a year ago. Net income was MXN 546 million compared to MXN 758 million a year ago. Return on average equity (ROAE) was 20.5% compared with 31.9% a year ago. Return on average assets (ROAA) was 7.3% compared with 10.9% a year ago. For the year, the company reported net interest income of MXN 16,606 million compared to MXN 14,812 million a year ago. Net interest income after provisions was MXN 13,788 million compared to MXN 12,991 million a year ago. Net operating income was MXN 4,416 million compared to MXN 4,236 million a year ago. Net income was MXN 3,119 million compared to MXN 3,001 million a year ago. Considering full-year 2016, ROAE stood at 30.4% whereas in the previous year it was 31.7%. ROAA in the year 2016 was 10.8% compared with 11.6% in 2015.

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