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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Banco Ahorro Famsa, S.A.

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banco Ahorro Famsa, S.A.

Headquarters
Alfonso Reyes Norte 1500, piso 2, col. Sarabia.; Monterrey; Nuevo Leon; 64000
Status: Non-Listed
Legal Form: Limited Liability Company
Operational Status: Operational
RFC: BAF060524EV6
Financial Auditors: PricewaterhouseCoopers (2012)
Incorporation Date: May 24, 2006
Total Employees: 3,000

Tel: +52 (81) 8374 8888 / 8389 9000

Company Description

Banco Ahorro Famsa S.A., a multiple banking institution, is a member of Grupo Famsa.
It was founded in january 2007 and began its operations inside the branch offices of the furniture's stores (Famsa). It is a bank focused on low income segments.
Currently, it has 6 branches located in Aguascalientes and Baja California Norte.

Company Analysis

According to the Consolidated - Non-Audited financial statement for the first nine cumulated months of 2012, total net operating revenues increased with 15.81%, from MXN 2,426.449 millions to MXN 2,809.97 millions. Operating result decreased from MXN 361.371 millions to MXN 193.798 millions which means -46.37% change. The results of the period decreased -31.30% reaching MXN 185.026 millions at the end of the period against MXN 269.308 millions last year. Return on equity (Net income/Total equity) went from 13.98% to 8.91%, the Return On Asset (Net income / Total Asset) went from 2.13% to 1.33% and the Net Profit Margin (Net Income/Net Sales) went from 11.10% to 6.58% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 571.91% compared to 554.82% of last year.

Key Executives

Angel Alfonso de Soto Hernandez Chief Executive Officer
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2013 M01
(cons)
2012 Y
(cons)
Non-Audited Non-Audited
CNBV2 CNBV2
Unit Millions Millions
Balance Sheet

Total Assets

14,613

14,474

Total Liabilities

XX,XXX

XX,XXX

Shareholders Equity

X,XXX

X,XXX

* All the accounts are in MXN.
Income Statement

Total Operating Revenue

XXX

X,XXX

Operational Profit (Loss)

XX

XXX

Net Profit (Loss)

XX

XXX

* All the accounts are in MXN.
Ratios
Profitability Ratios

Return on Assets (ROA)

X%

X.XX%

Annualised Return on Assets (ROA)

X%

X.XX%

Return on Equity (ROE)

X%

X.XX%

Annualised Return on Equity (ROE)

X%

X.XX%

Return on Sales (ROS)

X%

X%

Return on Capital

X.XX%

X.XX%

Operating Profit Margin

X.XX%

X.XX%

Valuation figures and ratios

Bookvalue (BV)

X,XXX

X,XXX

Leverage Ratios

Leverage ratio

XXX.XX%

XXX.XX%

Debt to equity

XXX.XX%

XXX.XX%

Debt to total assets

XX.XX%

XX.XX%

Trend Ratios

Revenue Trend

XXX.XX%

XXX.XX%

Net Income Trend

X%

XX.XX%

Operating Income Trend

XXX.XX%

XX.XX%