June 20, 2018 3:59 AM ET

Consumer Finance

Company Overview of Tarjetas Regionales S.A.

Company Overview

Tarjetas Regionales S.A., through its subsidiaries, provides credit solutions to consumers in Argentina. The company issues Visa, Master, and American Express credit cards; and processes consumer loan operations and credit card transactions for various card companies. It also implements credit recovery policies of past due loans; operates care centers; and provides recovery management services to the group of regional cards. The company was founded in 1997 and is based in Buenos Aires, Argentina with a network of commercial and branch offices in Argentina; and branch offices in the Dominican Republic. Tarjetas Regionales S.A. operates as a subsidiary of Grupo Financiero Galicia S.A.

Perón 430

Floor 19°

Buenos Aires,  1038

Argentina

Founded in 1997

Phone:

54 11 6329 6249

Fax:

54 11 6329 5193

Key Executives for Tarjetas Regionales S.A.

Vice Chairman and Chief Executive Officer
Chief Financial Officer
Compensation as of Fiscal Year 2017.

Tarjetas Regionales S.A. Key Developments

Tarjetas Regionales S.A. Reports Earnings Results for the First Quarter Ended March 31, 2018

Tarjetas Regionales S.A. reported earnings results for the first quarter ended March 31, 2018. For the quarter, the company recorded ARS 842 million profit, up 22% in the last twelve months. This profit represented a 9.48% annualized return on average assets and a 37.51% return on average shareholder’s equity, compared to 9.14% and 46.16%, respectively, from the first quarter of 2017. Net operating income amounted to ARS 3,596 million, increasing 25% from the first quarter of 2017. Operating income was ARS 1,203 million against ARS 1,005 million a year ago.

Tarjetas Regionales S.A. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2017

Tarjetas Regionales S.A. reported earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, net income was ARS 773 million against ARS 456 million a year ago. Net financial income was ARS 1,656 million against ARS 1,233 million a year ago. Return on average assets was 9.17% compared to 6.59% a year ago. Return on average shareholders' equity was 42.84% compared to 34.54% a year ago. For the year, net financial income was ARS 5,917 million against ARS 3,916 million a year ago. Operating income was ARS 3,705 million against ARS 1,954 million a year ago. Net income was ARS 2,745 million against ARS 1,427 million a year ago. Return on average assets was 8.79% compared to 5.81% a year ago. Return on average shareholders' equity was 42.70% compared to 29.45% a year ago.

Tarjetas Regionales S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months of 2017

Tarjetas Regionales S.A. reported consolidated earnings results for the third quarter and nine months of 2017. For the quarter, the company reported net income of ARS 794 million against ARS 330 million a year ago. Return on average assets was 10.19% against 5.26% a year ago. Return on average shareholders' equity was 47.65% against 26.99% a year ago. For the nine months, the company reported return on average assets of 8.65% against 5.50% a year ago. Return on average shareholders' equity was 42.64% against 27.51% a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 15, 2017
Tarjetas Cuyanas S.A.
Merger/Acquisition
August 10, 2017
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