Financiera Independencia, S.A.B. de C.V.,Sociedad Financiera de Objeto Múltiple, Entidad No Regulada Reports Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
Financiera Independencia, S.A.B. de C.V.,Sociedad Financiera de Objeto Múltiple, Entidad No Regulada reported audited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported Net interest income after provisions was MXN 505.3 million against MXN 582.9 million a year ago. Net operating loss was MXN 174.5 million against net operating income of MXN 43.4 million a year ago. Net loss was MXN 120.4 million or MXN 0.1682 per share against net income of MXN 20.2 million or MXN 0.0281 per share a year ago. Negative ROA was 4.7% against positive ROA of 0.7% a year ago. Negative ROE was 16.6% against positive ROE of 2.6% a year ago.
For the year, the company reported Net interest income after provisions was MXN 2,315.8 million against MXN 2,275.2 million a year ago. Net operating loss was MXN 164.8 million against net operating income of MXN 304.9 million a year ago. Net loss was MXN 116.5 million or MXN 0.1627 per share against net income of MXN 185.8 million or MXN 0.2596 per share a year ago. Negative ROA was 1.1% against positive ROA of 1.9% a year ago. Negative ROE was 3.9% against positive ROE of 6.2% a year ago.
Financiera Independencia SAB de CV SOFOM ENR is a Mexico-based financial institution engaged in the microfinancing sector. The Companyâs range of products includes CrediInmediato for employed individuals; Credipopular for self-employed individuals; CrediMama for mothers who have at least one under-age child, and CrediConstruye for construction, maintenance and renovation of homes; CrediSeguro, an insurance policy for permanent disability and medical assistance, and Mas Nomina, mainly intended for free-lance employers. As of December 31, 2011, the Company owned such subsidiaries as Financiera Finsol SA de CV SOFOM ENR, Serfincor SA de CV, Finsol Vida SA de CV, Independencia Participacoes SA and Servicios Corporativos AEF SA de CV.
Financiera Independencia, S.A.B. de C.V.,Sociedad Financiera de Objeto Múltiple, Entidad No Regulada Reports Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
FINANCIERA INDEPENDENCIA S.A.B. DE C.V. SOFOM E.N.R. 
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