Banregio Grupo Financiero, S.A.B de C.V. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year of 2016
January 22, 2017
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Banregio Grupo Financiero, S.A.B de C.V. reported consolidated earnings results for the fourth quarter and full year of 2016. For the quarter, the company reported net income of MXN 715 million against MXN 493 million a year ago. Operating income was MXN 985 million against MXN 545 million a year ago. Total operating income was MXN 1,833 million against MXN 1,279 million a year ago.
For the year, the company reported net income was MXN 2,411 million against MXN 1,785 million a year ago. Operating income was MXN 3,339 million against MXN 2,308 million a year ago. Total operating income was MXN 6,401 million against MXN 4,840 million last year. Return on equity was 20.2% against 17.4% a year ago. Return on assets was 2.4% against 1.8% 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. 
