MEXICO CITY--(BUSINESS WIRE)-- Banco Compartamos, S.A., I.B.M. (“Compartamos” or “the Bank”) (BMV: COMPART), the leading Mexican microfinance bank today announced its non-audited financial results for the third quarter ended September 30, 2011. All figures were prepared in accordance with the requirements of the National Banking and Securities Commission (CNBV) and are expressed in nominal Mexican Pesos (Ps.).

Highlights for 3Q11

• Active clients reached 2,244,031, a 28.1% increase compared to 3Q10.
• Total loan portfolio reached Ps. 11,991 million, a 36.5% increase compared to 3Q10, due to the following:
  • Ps. 11,122 million from active loans, a 26.6% growth when compared with 3Q10.
  • Ps. 869 million from related-party loans.
• Net income reached Ps. 551 million, a 12.2% increase compared to 3Q10.
• Capitalization Ratio was 44.4%, a slight decrease versus the 44.8% reported in 3Q10.
• ROAE was 34.6%, a decrease compared to the 40.9% reported in 3Q10.
• Non-performing loans increased to 2.18% in 3Q11, compared to 1.97% reported in 3Q10.
• The Company reached 408 service offices, 56 more than 3Q10 and 17 more than in 2Q11.
• Total number of employees grew by 784 during the quarter, reaching 13,014 employees, 3,887 more than 3Q10.
• Efficiency ratio was 56.3%, an increase compared to the 51.3% reported in 3Q10.
• More than 61,000 people from the communities that we serve have benefited from various Social Responsibility and Sustainability programs, including: volunteering activities, community action programs and financial education.

Comments from the Chief Executive Officer

Fernando Alvarez Toca, Banco Compartamos’ CEO, stated:
“We have concluded 3Q11 in line with our growth plans and on the right path towards reaching our annual goals. With this objective in mind and due to the current market volatility, we worked in strengthening our funding and liquidity structure in order to guarantee Banco Compartamos’ growth. Thanks to this and other actions undertaken in this quarter, Compartamos reinforced its commitment in the creation of social value, granting financial services to the largest number of people in the shortest amount of time.”

For the full version of this release, please visit: www.compartamos.com.mx

CONTACT:

Banco Compartamos, S.A. Institución de Banca Múltiple
Patricio Diez de Bonilla, Chief Financial Officer
Enrique Barrera, Investor Relations Officer
Beatriz Sánchez, Investor Relations
Tel. (5255) 5276 72 50
investor-relations@compartamos.com
www.compartamos.com

KEYWORDS:   Mexico  Central America

INDUSTRY KEYWORDS:   Professional Services  Banking  Finance

MEDIA:

Logo