Banregio Grupo Financiero, S.A.B De C.V. Reports Consolidated Earnings Results for the Second Quarter and Six Months of 2016
July 24, 2016
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Banregio Grupo Financiero, S.A.B de C.V. reported consolidated earnings results for the second quarter and six months of 2016. For the quarter, net income was MXN 611 million against MXN 436 million last year. Operating income was MXN 846 million against MXN 586 million last year. Total operating income was MXN 1,557 million against MXN 1,183 million last year. Return on assets was 2.0% against 1.6% last year. Return on equity was 18.4% against 17.8% last year
For the six months, net income of MXN 1,112 million against MXN 869 million last year. Operating income was MXN 1,538 million against MXN 1,176 million last year. Total operating income before was MXN 2,986 million against MXN 2,342 million last year. Return on assets was 1.8% against 1.6% last year.
Regional SAB de CV is a Mexico-based bank. The Company's business unit are divided in Medium Business, Automotive Business, Personal and Patrimonial Banking, Consumer Credits, Mortgage and Intermediation and Markets. The Medium Business unit offers credit to the medium-sized business sector. The Automotive Business unit offers credit for the acquisition of transport equipment. The Personal and Patrimonial Banking unit offers savings and investment products for medium and high income individuals. The Consumer Credits unit offers personal credit products, such as credit card and personal loans to the middle and high income segment. The Mortgage unit offers loans for house and land acquisition, for completion of construction and remodeling and the refinancing of existing credits. The Intermediation and Markets unit offers currency exchanges and investment fund distribution services. The Company is active in more than 20 Mexican states.
REGIONAL S.A.B. DE C.V. 
