Transcription of GFINBUR | Banks
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GFINBUR | Banks
GBM Grupo Bursatil Mexicano, de , Casa de Bolsa ( GBM ), and its affiliates, may carry out and seek to do business with companies covered in its research reports. Investors should not consider this report as a single factor in making their investment decisions. These materials do not constitute an offer to buy or sell any security or participate in any trading strategy. GFINBUR | BanksQuarterly Report July 28, 2016 GFINBURSA Market Outperformer 2016e Price Target P$ Lilian Ochoa +52(81) 8152 4000 ext. 4014 Jorge Ben tez +52(81) 8152 4000 ext.
Moving on, interest expenses posted a 10.6% YOY increase, affected by a 43.7% YOY hike in interest on deposits & funding. The latter more than offset the company’ s efforts to improve its funding base, a lower increase in reserves
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