|End-of-day quote - 09/29|
Gentera de CV : ANNOUNCES 2017 GUIDANCE
|12/16/2016 | 10:18am|
For the next year, and as it has proved in past years, GENTERA expects to maintain solid growth in its loan portfolio. The Company will continue focus on growing with quality and according to the different risk profile that each product category has, having in mind that the quality of the assets will remain a key element in the evolution of the Company.
In 2017, GENTERA will continue to invest in strategic projects for savings, as well as the development and strengthening of its correspondent manager, YASTAS, and the deployment of its Banco Compartamos' Branches, as well as in various initiatives that will help to better serve the clients and achieving greater financial inclusion.
Therefore, by the end of 2017 we, at GENTERA, expect to achieve the following:
- Loan Portfolio growth between 14 and 16%;
- Earnings per share (EPS) will grow in a range of Ps. 2.39 to Ps. 2.46;
We are committed to achieving greater financial inclusion; we expect to serve more clients through the different companies that comprise GENTERA and in line with the GENTERA-50 Strategy.Company Description
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.
For additional information, please contact: Enrique Barrera Flores, Investor Relations Officer Beatriz Sánchez Covarrubias, Investor Relations Rubén Ariza Noriega, Investor Relations Telephone: +52 (55) 5276-7379