March 01, 2015 1:52 AM ET


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

Company Overview

Banco Azteca, S.A., Institución de Banca Múltiple provides various banking products and services primarily in Mexico. The company offers sight accounts, savings accounts, consumer credit, personal loans, payroll loans, and credit to purchase cars, as well as credit to entrepreneurs; and Internet banking and payment services. It operates approximately 4,000 branches. The company was founded in 2002 and is based in Mexico City, Mexico.

Tower 2

Floor 6

Insurgentes Sur # 3579

Col. Olympic Village, Tlalpan

Mexico City, DF 14020


Founded in 2002

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

Chief Executive Officer
Age: 52
Chief Financial Officer
Treasury Manager
Chief Legal Officer and Secretary of the Board
Age: 52
Compensation as of Fiscal Year 2014.

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

Banco Azteca Announces Management Changes

Grupo Elektra, S.A.B. de C.V. announced that Alejandro Valenzuela del Rio was named CEO of Banco Azteca, a subsidiary of Grupo Elektra. Mr. Valenzuela has over 20 years of experience in the financial industry in Mexico, both in the public and private sectors. He was CEO of Grupo Financiero Banorte, and at the same institution he held the positions of Director of Treasury and Director of the brokerage firm, among other executive responsibilities. Previously, he was Director of International Relations at Banco de Mexico and held strategic positions in the Ministry of Finance. Alejandro Valenzuela replaces Luis Niño de Rivera, who will become Vice President of the Board of Banco Azteca. Mr. Niño de Rivera has been instrumental in the steady expansion of Banco Azteca in Mexico and Central and South America, as well as in its solid results, robust balance sheet and solid growth perspective.

Banco Azteca, S.A., Institución de Banca Múltiple Reports Earnings Results for the First Quarter Ended March 31, 2013

Banco Azteca, S.A., Institución de Banca Múltiple reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company's income increased 8%, to MXN 8,262 million from MXN 7,650 million, mainly as a result of an expansion of personal loans and Presta Prenda credits.

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