GENTERA Reports 2Q15 Results

MEXICO CITY--(BUSINESS WIRE)-- GENTERA S.A.B. de C.V. (“GENTERA” or “the Company”) (BMV:GENTERA*) announced today non-audited consolidated financial results for the second quarter period ended June 30, 2015. All figures were prepared in accordance with requirements from the National Banking and Securities Commission (CNBV) and are expressed in nominal Mexican pesos (Ps.).

2Q15 Highlights:

• Total Loan Portfolio reached Ps. 25,507 million, a 13.4% increase compared with 2Q14.Loan Portfolio per subsidiary was distributed as follows:
  • Banco Compartamos S.A. I.B.M. (Mexico) (Banco Compartamos) reached Ps. 20,486 million, a 13.4% increase versus 2Q14;
  • Compartamos Financiera (Peru) reached Ps. 4,746 million, a 12.1% increase versus 2Q14; and
  • Compartamos S.A. (Guatemala) reached Ps. 275 million, 36.9% higher compared with 2Q14.
• Net Income for the second quarter was Ps. 680 million, a 3.8% increase compared with 2Q14.
• NIM stood at 54.5%, compared with 55.8% in 2Q14.
• ROE stood at 22.6%, compared with 26.7% during 2Q14.
• ROA reached 8.7%, compared with 9.8% in 2Q14.
• Non-performing loans (NPLs) for 2Q15 were 3.04%, compared to 2.72% in 2Q14.
• Efficiency ratio for 2Q15 was 68.5%, compared with 63.1% reported in 2Q14.
• On May 28, FITCH Ratings affirmed Banco Compartamos’ ‘BBB/F2’ global investment grade and ‘AA+ (mex)/F1+(mex) for its local rating.
• YASTAS1 executed more than 330 thousand financial transactions during the quarter, 67% more financial transactions compared to 200 thousand transactions in 1Q15. Yastas reached 2,090 affiliates at the end of the second quarter.
• ATERNA2 concluded the quarter with 4 million active life insurance policies throughout its operations in Mexico, Peru and Guatemala.
• INTERMEX3 with 60 branches and with a network of more than 1,000 affiliates executed over 1 million transactions, representing more than Ps. 4,000 million pesos.
• The Company repurchased 1,493,000 shares through the share buyback program reestablished on April 24, 2015.
• At the end of 2Q15, more than 6,000 employees participated in volunteer activities and programs throughout various local communities. GENTERA invested over Ps. 20 million into social responsibility programs benefitting over 29,000 people; these programs included financial education as well as environmental initiatives.

Comments from Mr. Carlos Labarthe, GENTERA’s President & CEO:

GENTERA concluded the second quarter of the year, strongly motivated by our performance in the first half as well as the official incorporation of INTERMEX into our structure. We believe that this new subsidiary adds value to the overall company and enables us to continue on the right track towards providing the market with more services and more products.

At the end of the period, GENTERA’s financial subsidiaries, Banco Compartamos Mexico, Compartamos Financiera in Peru, and Compartamos S.A. in Guatemala, served nearly 3 million clients with its group and individual lending methodologies. This brought the loan portfolio to a total of Ps. 25,507 million, a growth of 13.4% on a year-on-year basis; net income increased by 3.8% compared with 2Q14.

With regards to our subsidiaries, ATERNA and YASTAS, both are performing in accordance with the plan for the year. ATERNA concluded the quarter with 4 million active life insurance policies and YASTÁS ended the quarter with 2,090 affiliates, which executed more than 330 thousand financial transactions.

The second half of the year looks positive, as it is the period in which we have the privilege of servicing even more clients that during the first part of the year. GENTERA will continue to seek new ways of providing more services and products to our clients in ways that are flexible and convenient, as has been our strategy all along. As always we remain fully committed to generating social, human and economic value.

For a full version of this release, please visit www.gentera.com.mx .

About GENTERA

GENTERA, S.A.B. de C.V. (formerly Compartamos, S.A.B. de C.V.) is a holding company whose primary objective is to promote, organize and manage companies, domestic and international, that are subject to its investment policies. GENTERA was established in 2010 and is headquartered in Mexico. Its shares began trading on the Mexican Stock Exchange on December 24, 2010 under the ticker symbol COMPARC*. On January 2, 2014, the ticker symbol was changed to GENTERA*.

Note on Forward-Looking Statements

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.1 GENTERA’s correspondent network manager2 GENTERA’s micro-insurance broker 3 GENTERA’s remittances company.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150728006818/en/

GENTERA S.A.B. de C.V.
Enrique Barrera Flores
Investor Relations Officer
or
Beatriz Sánchez Covarrubias
Investor Relations
+52 (55) 5276-7379

Source: GENTERA S.A.B. de C.V.

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