Gentera, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2019
July 24, 2019
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Gentera, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced net interest income was MXN 5,034 million compared to MXN 4,728 million a year ago. Net income was MXN 712 million compared to MXN 815 million a year ago. For the half year, net interest income was MXN 9,984 million compared to MXN 9,369 million a year ago. Net income was MXN 1,543 million compared to MXN 1,535 million a year ago.
Gentera SAB de CV (Gentera), formerly Compartamos SAB de CV, is a Mexico-based financial institution specialized in banking and credit services. Genteraâs main activities are: granting loans and credits to communal banks, community groups, low-income individuals; offering saving accounts, insurance policies, administration and human resources services, making payments of family remittance and granting operation with securities and other financial instruments. The Company operates in Mexico, the United States, Guatemala and Peru, through such subsidiaries as: Compartamos Banco, a micro-financing bank; Yastas, a network of affiliated merchants that provide payments and financial transactions, Pagos Intermex SA de CV, the payment of family remittances company and Aterna, an intermediary between the distribution channels and the insurance industry.