Mensajepor Bati » Mié Nov 28, 2018 7:58 pm
HIGHLIGHTS
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Net income for the Quarter amounted to Ps.3,405 million, Ps.1,494 million (78%) higher than the figure accounted for in the same quarter of the 2017 fiscal year, mainly due to an increase in net operating income (73%). Excluding the results from the split-up of Tarjetas Regionales S.A. (effective since January 1, 2018), net income increased 159%.
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The credit exposure to the private sector reached Ps.299,399 million, up 87% from the Ps. 159,743 million recorded in the third quarter of 2017, and deposits reached Ps.320,367 million, up 97% from Ps.162,279 million. As of September 30, 2018, the Bank’s estimated market share of loans to the private sector was 10.58% while its estimated market share of deposits from the private sector was 10.99%.
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The non-accrual loan portfolio represented 2.37% of total loans to the private sector, recording an increase of 55 basis points (“bp”) from the 1.82% recorded at the end of the same quarter of the 2017 fiscal year, while its coverage with allowances for loan losses reached 103.03%.
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As of the end of the Quarter, the minimum capital requirement amounted to Ps.29,120 million (up Ps.13,135 million or 82%), and the computable capital was Ps.48,774 million (up Ps.27,550 million or 130%). The excess over the capital requirement amounted to Ps.19,654 million, and the total capital ratio was 14.01%.