CREDITO REAL, S.A.B. DE C.V., SOFOM, E.R., HOSTED ITS "INVESTOR DAY"
10 Noviembre 2017 - 04:35PM
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 ORGANIC IMPROVEMENT AND NEW
BUSINESSES.
- THE RESULTS OF CREDITO REAL'S ENDOGENOUS AND EXOGENOUS GROWTH IN
RECENT YEARS WERE DISCUSSED, OUTSTANDING THE PS.250 MILLION
INVESTMENTS FOR THE STRENGTHENING OF ITS PLATFORM AND THE
ACQUISITIONS OF A 70% STAKE IN INSTACREDIT FOR US$70 MILLION, 100%
STAKE IN AFS ACCEPTANCE AND 55% STAKE IN RESUELVE.
- AMONG CREDITO REAL SHORT-TERM PLANS, IT IS THE REFINANCING OF A
SIGNIFICANT PORTION OF ITS CURRENT DEBT IN ORDER TO ENHANCE ITS
MATURITY PROFILE AND DEBT RATING.- EMPHASIS WAS MADE IN REINFORCE
CREDITO REAL'S COMMITMENT TO INFORMATION TRANSPARENCY, WHERE
CORPORATE SOCIAL RESPONSIBILITY AND CORPORATE GOVERNANCE AREKEY
ELEMENTS.
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ABOUTCREDITO REAL
CREDITO REAL IS A LEADING FINANCIAL INSTITUTION IN MEXICO, FOCUSING
ON CONSUMER LENDINGWITH A DIVERSIFIED BUSINESS PLATFORM IN THE
FOLLOWING MAIN LINES OF BUSINESS: PAYROLL LOANS, SMALL BUSINESS
LOANS, GROUP LOANS, USED CAR LOANS AND PERSONAL LOANS. CREDITO REAL
OFFERS ITS PRODUCTS MAINLY TO LOW AND MIDDLE-INCOME SEGMENTS OF THE
POPULATION THAT HAVE HISTORICALLY BEEN UNDERSERVED BY OTHER
FINANCIAL INSTITUTIONS. CREDITO REAL STOCK IS LISTED ON THE MEXICAN
STOCK EXCHANGE UNDER THE TICKER SYMBOL "CREAL*". (BLOOMBERG
IDENTIFICATION NUMBER IS CREAL* MM).