CREDITO REAL, S.A.B. DE C.V., SOFOM, E.R., HOSTED ITS "INVESTOR DAY"
10 Noviembre 2017 - 4:35PM
BMV General Information
MEXICO CITY, NOVEMBER 10TH, 2017. CREDITO REAL, S.A.B. DE C.V.,
SOFOM, E.R. ("CREDITO REAL"), ANNOUNCES THAT CREDITO REAL HELD ITS
"INVESTOR DAY" TODAY. THE EVENT BROUGHT TOGETHER INVESTORS,
ANALYSTS AND VARIOUS FINANCIAL MARKET PARTICIPANTS AT A MEETING
WHERE CREDITO REAL'S MANAGEMENT SHARED ITS VIEW ON THE CURRENT
ENVIRONMENT AND OUTLINED THE OVERALL STRATEGY THAT WILL BE FOLLOWED
TO MEET ITS GROWTH TARGETS. THE MOST OUTSTANDING POINTS COVERED IN
THE EVENT WERE THE FOLLOWING:- CREDITO REAL REAFFIRMED ITS STRATEGY
BASED ON: I) THE ESTABLISHMENT OF STRATEGIC PARTNERSHIPS THAT
ENHANCES ITS COMMERCIAL FOOTPRINT; II) A SELECTIVE CREDIT
ORIGINATION POLICY, REFLECTED IN A LOW AND STABLE NPL RATIO; AND,
III) A DIVERSIFIED CONSOLIDATED CREDIT PORTFOLIO BOTH
GEOGRAPHICALLY AND BY PRODUCT.
- FURTHERMORE, CREDITO REAL CONFIRMED THAT IS WELL POSITIONED TO
FACE CURRENT MARKET CHALLENGES, HAVING A LOW EXPOSURE TO FX
FLUCTUATION RISKS DUE ITS NATURAL CURRENCY HEDGE. ADDITIONALLY,
OVER 50% OF CREDITO REAL'S DEBT IS AT A FIXED INTEREST RATE, WHICH
MINIMIZES THE EFFECT OF CHANGES IN INTEREST RATES ON CURRENT
EARNINGS. REGARDING THE POSSIBLE OUTCOME SCENARIOS OF BOTH NAFTA
NEGOTIATIONS AND 2018 MEXICO'S PRESIDENTIAL ELECTIONS, CREDITO REAL
ANTICIPATES A LIMITED IMPACT ON ITS FINANCIAL PERFORMANCE.- CREDITO
REAL EXPECTS TO REACH A CONSOLIDATED LOAN PORTFOLIO OF PS.56,000
MILLION BY 2022, OF WHICH 50% WOULD BE IN MEXICO AND THE REMAINING
50% IN INTERNATIONAL MARKETS, WHILE MAINTAINING A LOW
NON-PERFORMING LOAN PORTFOLIO WITHIN A RANGE OF 2% TO 3%. THIS
GROWTH WILL BE DRIVEN BY ORGANI