Banregio Grupo Financiero, S.A.B De C.V. Reports Consolidated Financial Results for the Third Quarter and Nine Months 2016
October 23, 2016
Share
Banregio Grupo Financiero, S.A.B de C.V. reported consolidated financial results for the third quarter and nine months 2016. For the quarter, the company reported operating income of MXN 816 million compared to MXN 587 million a year ago. Net income was MXN 584 million compared to MXN 423 million a year ago. Return on Equity (ROAE) was 19.1%. Return on Assets (ROAA) was 2.2%.
For the nine months, the company reported operating income of MXN 2,354 million compared to MXN 1,763 million a year ago. Net income was MXN 1,696 million compared to MXN 1,292 million a year ago.
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. 
