MODIFICATION TO THE DIVIDEND POLICY
26 Abril 2018 - 12:04PM
BMV General Information
MEXICO CITY, APRIL 26TH, 2018. CRDITO REAL, S.A.B. DE C.V., SOFOM,
E.R. ("CREDITO REAL"), ANNOUNCES TO THE INVESTING PUBLIC THAT
DURING THE COMPANY'S GENERAL ORDINARY AND EXTRAORDINARY
SHAREHOLDERS' MEETINGS HELD ON APRIL 25TH, 2018, AMONG OTHERS, THE
MODIFICATION OF POINT SEVEN OF "DIVIDEND POLICY OF THE CORPORATION
AND THE USE OFPROCEEDS OF CREDITO REALS NET PROFIT" WAS APPROVED;
PURSUANT TO WHICH THE PAYMENT OF DIVIDENDS TO THE SHAREHOLDERS OF
THE CORPORATION WILL BE SUBJECT TO A PERCENTAGE FROM 10% UP TO 30%
OF THE NET PROFITS OF THE CORPORATION CORRESPONDING TO A FULL
FISCAL YEAR OR AN IRREGULAR FISCAL YEAR OF THE CORPORATION APPROVED
BY THE SHAREHOLDERS MEETING, PROVIDED THAT SUCH DIVIDEND PAYMENT
SHALL NOT EXCEED (I) A MAXIMUM LEVERAGE RATIO LIMIT CONSIDERING A
DEBT/CAPITAL RATIO OF 4 TIMES OF DEBT TO CAPITAL, AND (II) THE
INFERIOR LIMIT OF THE CAPITALIZATION INDEX, CONSIDERING A RATIO
BETWEEN ACCOUNTING CAPITAL AND CREDIT PORTFOLIO OF 20%.* * * * * *
* * *
ABOUT CREDITO REAL, S.A.B DE C.V., SOFOM, E.R.
CREDITO REAL IS A LEADING FINANCIAL INSTITUTION IN MEXICO, WITH
PRESENCE IN THE UNITED STATES, COSTA RICA, PANAMA AND NICARAGUA,
FOCUSING ON CONSUMER LENDING WITH A DIVERSIFIED BUSINESS PLATFORM
IN THE FOLLOWING MAIN LINES OF BUSINESS: PAYROLL LOANS, SMALL
BUSINESS LOANS, GROUP LOANS,USED CAR LOANS AND PERSONAL LOANS
THROUGH INSTACREDIT. CREDITO REAL OFFERS ITS PRODUCTS MAINLY TO LOW
AND MIDDLE-INCOME SEGMENTS OF THE POPULATION THAT HAVE HISTORICALLY
BEEN UNDERSERVED BY OTHER FINANCIAL INSTITUTIONS. THE COMPANY'S
STOCK IS LISTED ON THE MEXICAN STOCK EXCHANGE UNDER THE TICKER
SYMBOL "CREAL*". (BLOOMBERG IDENTIFICATION NUMBER IS CREAL*:MM)