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Compartamos Banco Reports 2Q08 Results
MEXICO CITY
(Map)
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Highlights for 2Q08:
-- Number of active clients reached 940,645, a 33.4% increase compared to 705,236 clients during 2Q07.
-- The total loan portfolio reached Ps. 4,792 million in 2Q08, a 39.4% increase compared to the Ps. 3,438 million in 2Q07.
-- Net income reached Ps. 249 million, a 13.7% increase compared to Ps. 219 million in 2Q07; EPS reached Ps. 0.58 for 2Q08 versus Ps. 0.51 in 2Q07.
-- ROE for 2Q08 reached 39.0%, compared to 50.4% in 2Q07.
-- The service office network reached a total of 287 units with presence
in every
-- The number of voluntary life insurance policies sold during 2Q08 was 132,950 and the number of outstanding loans of Credito Mejora tu Casa reached 20,136.
Comments from the Co-Chief Executive Officer
"Our industry has, until now, proven resilient to the economic weakness experienced in the financial markets. During the quarter, we not only reached a record number of service offices, at 287, we also expanded our geographic presence to encompass all 32 Mexican states. We are very proud of this accomplishment and will be working during the remainder of the year to create robust teams in all areas to accommodate our growing client base."
For the complete report and accompanying tables, please visit www.compartamos.com under Investor Relations/Financial Information.
For more information, visit www.compartamos.com.mx or contact:
Fernando Alvarez Toca, Chief Financial Officer
Maria Teresa Chavira, Investor Relations
Compartamos Banco S.A.
Insurgentes Sur 553, Mexico City, Mexico
Tel: (5255) 52 76 73-27 / 72-56
investor-relations@compartamos.com
Investor Relations firm in New York:
Maria Barona / Kenia Vargas
i-advize Corporate Communications, Inc.
82 Wall Street, 805, New York, New York
Tel: (212) 406 3691
compartamos@i-advize.com
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