Gentera Reports 1Q15 Results

MEXICO CITY--(BUSINESS WIRE)-- GENTERA S.A.B. de C.V. (“GENTERA” or “the Company”) (BMV:GENTERA*) announced today non-audited consolidated financial results for the first quarter period ended March 31, 2015. All figures were prepared in accordance with requirements from the National Banking and Securities Commission (CNBV) and are expressed in nominal Mexican Pesos (Ps.).

1Q15 Highlights:

• Total Loan Portfolio reached Ps. 24,340 million, a 13.9% increase compared with 1Q14.

Loan Portfolio per subsidiary was distributed as follows:

• Banco Compartamos S.A. I.B.M. (Mexico) (Banco Compartamos) reached Ps. 19,359 million, a 14.0% increase versus 1Q14;
• Compartamos Financiera (Peru) reached Ps. 4,744 million, a 13.4% increase versus 1Q14; and
• Compartamos S.A. (Guatemala) reached Ps. 238 million, 11.0% higher compared with 1Q14.

• Net Income for the first quarter was Ps. 729 million, a 17.4% increase compared with 1Q14.
• NIM stood at 56.0%, compared with 55.2% in 1Q14.
• ROE stood at 23.9%, compared with 26.9% during 1Q14.
• ROA reached 9.6%, compared with 9.7% in 1Q14.
• Non-performing loans (NPLs) for 1Q15 were 3.58%, compared to 3.25% in 1Q14.
• Efficiency ratio for 1Q15 was 68.7%, compared with 66.7% reported in 1Q14.
• YASTAS, GENTERA’s correspondent network manager, reached 2,163 affiliates throughout its network, which can already execute financial transactions. During this 1Q15 close to 200 thousand financial transactions were executed.
• ATERNA, the Company’s micro-insurance broker, concluded the quarter with 3.85 million active life insurance policies throughout its operations in Mexico, Peru and Guatemala.
• On April 24, 2015, at the Company’s Annual Shareholders’ Meeting, a dividend payment of Ps. 0.76 per share was approved with a May 15, 2015 payment date.
• At the close of the first quarter, 6,784,489 shares were repurchased through the Company’s share buyback program established on April 24, 2014.
• At the Annual Shareholders’ Meeting held on April 24, 2015, GENTERA´s shareholders approved reestablishing the original share buyback program amount of Ps. 700 million.
• In March 2015, GENTERA ranked #2 in the Best Place to Work in Mexico nominations by the Great Place to Work Institute.
• At the end of 1Q15, more than 16,000 employees of the Company participated in volunteer activities and programs throughout various communities.
• Over 8 thousand people benefited from GENTERA’s Corporate Social Responsibility programs including education as well as environmental initiatives; the Company invested approximately Ps. 7.9 million in these programs.

New Board of Director Members

• Javier Arrigunaga Gómez del Campo was appointed as a member of the Board of Directors; Mr. Arrigunaga brings his knowledge and experience in the financial system that will support GENTERA in addressing the strategic needs of the business. Mr. Arrigunaga has led large institutions during his career, including the Mexican Banking Association.
• Mr. Antonio Rallo was appointed member of the Board of Directors; since 2012, Mr. Rallo has been a technology and systems advisor to the Company, which is a key area for GENTERA. His experience will enable us to address these goals successfully.

Special Thanks to our Board of Directors

Two of our esteemed board members announced that they would be stepping down; Mr. Álvaro Rodríguez Arregui, who has been a board member since 2003; and Mr. Guillermo José Simán who has been on the board since 2010. On behalf of all of us at GENTERA, we wish to extend our appreciation for their many contributions, their leadership and support during their tenure with the Company. Their commitment and insights have been invaluable in the establishment of a solid foundation for GENTERA as we entered the new markets and faced new challenges of a growing company.

Álvaro Rodríguez Arregui will continue his involvement at GENTERA as an external advisor, supporting the Company in its pursuit of new business development and innovation.

Comments from Mr. Carlos Labarthe, GENTERA’s CEO:

GENTERA initiates this first quarter with strong motivation, as each year brings new opportunities to further develop our product offering across the various companies that comprise the Group.

At the conclusion of the first quarter, GENTERA’s financial subsidiaries, Banco Compartamos Mexico, Peru, and Guatemala, served 2.9 million clients with its Group and Individual Lending Methodologies. The Loan Portfolio stood at 24,340 million pesos, a growth of 13.9% on a year-on-year basis, and a Net Income increase of 17.4% in compared with 1Q14.

YASTÁS, our correspondent network manager, with more than 2,100 affiliates authorized to perform financial transactions, executed close to 200 thousand financial transactions in this quarter alone, while ATERNA, our micro-insurance broker, and a key vehicle for generating social value continues its solid momentum, with over 3.85 million active life insurances sold as of 1Q15.

GENTERA continues to strive each and every day to offer to its clients the best service and product offering possible. In a market becomes more competed we are certain that aligning service to values will be key in differentiating GENTERA from the rest. We have great reasons to be excited about what 2015 brings and look towards the future with great enthusiasm.

For a full version of this release, please visit www.gentera.com.mx.

About GENTERA

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 StatementsThis 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.

GENTERA S.A.B. de C.V
Enrique Barrera Flores
Investor Relations Officer
or
Beatriz Sánchez Covarrubias
Investor Relations
+52 (55) 5276-7379

Source: GENTERA S.A.B. de C.V.

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