Banco Compartamos’ 4Q 2009 NI rose by 49.1% YoY to MXN516 mn, while FY 2009 NI rose by 33.0% YoY to MXN1,490 mn. The total loan portfolio increased by 33.4% YoY during 4Q 2009 to MXN7,645 mn. Tier 1 Ratio remained strong at 42.2%, while ROAE was 54.3% for 4Q 2009 and 43.1% for Fy [...]
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[GRUMAB MM] Gruma :: Chavez orders seizure of Gruma’s Venezuela unit
Venezuelan President Hugo Chavez said last Thursday that his government will seize one of the local units of Gruma, Molinos Nacionales CA, maker of Robin Hood flour known as Monaca. Gruma is Mexico’s largest maker of corn flour for tortillas. The news sent the stock into a steep drop. Gruma is a leader in corn [...]