Table of Contents
PREPARED IN ACCORDANCE WITH THE GENERAL PROVISIONS APPLICABLE TO FINANCIAL INFORMATION OF HOLDING COMPANIES ISSUED BY THE NATIONAL BANKING AND SECURITIES COMMISSION (CNBV).
Regional, S.A.B. de C.V. presents, for informative purposes only, the internal financial statements for the period ended June 30th, 2023. Also, and considering that the public company participated in a corporate restructuring through a merger in which it acted as a merging company with Banregio Grupo Financiero S.A.B. de C.V., who served as a merged and currently defunct company, discloses additional information regarding the financial statements of Banregio Grupo Financiero S.A.B. of CV, for the period ended March 31, 2018, in order to maintain continuity in the disclosure of financial information and for comparative and analytical purposes, as well as the pro forma financial statements in which the financial situation and the results of Regional, S.A.B. de C.V. are presented, as if the corporate restructuring referred to above had taken effect in the same quarter of the previous year.
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Table of Contents | |
Results | 5 |
Financial Margin | 5 |
Non-InterestIncome | 5 |
Operating Income | 5 |
Loan Portfolio | 5 |
Deposits | 5 |
Capitalization | 6 |
Net Income by Subsidiary | 6 |
OPERATING RESULTS | 7 |
Results | 7 |
Financial Margin | 7 |
Net Commissions and Fees | 8 |
Insurance and FX Fees | 8 |
Net Income by Leasing | 8 |
Other Operating Income (Expenses) | 8 |
Non-InterestExpenses | 9 |
Information by Segment | 9 |
FINANCIAL SITUATION | 10 |
Cash and Equivalents | 10 |
Loan Portfolio with a credit risk stage 1 and 2 | 10 |
Loan Portfolio with Credit Risk Stage 3 | 11 |
Credit Ratings | 12 |
Deposits | 12 |
Securities Investments | 13 |
Repurchase Agreements | 14 |
Financial Derivative Operations | 14 |
Loan Securities Issued | 16 |
Incurred and Deferred Taxes | 17 |
Capitalization Ratio of Banco Regional S.A | 18 |
Value at Risk (VaR) | 18 |
Branch Network | 19 |
Alternative Channels | 19 |
Treasury Policy | 19 |
Internal and External Funding and Liquidity Sources | 20 |
Regional on the Mexican Stock Exchange (R.A) | 20 |
Analysis Coverage of Regional′s Stock | 21 |
INTERNAL CONTROL | 22 |
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Table of Contents | |
RELATED PARTS | 24 |
Loans to Related Parties (Banco Regional, S.A.) | 24 |
Loans to Related Parties (Start Banregio S.A. de C.V.) | 24 |
INTEGRAL RISK MANAGEMENT | 25 |
Ratings | 25 |
CORPORATE STRUCTURE | 27 |
Board of Directors | 28 |
Main Officers | 29 |
Dividend Policy | 29 |
ACCOUNTING STANDARDS AND CRITERIA | 30 |
Technical Note | 34 |
FINANCIAL STATEMENTS | 37 |
Quarterly Income Statement | 37 |
Income Statement YTD | 37 |
Balance Sheet: Assets and Liabilities | 38 |
Balance Sheet: Stockholders Equity | 39 |
Memorandum Accounts | 40 |
Financial Ratios (CNBV criteria) | 41 |
CERTIFICATION | 42 |
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EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
Growth
- The commercial portfolio with credit risk stage 1, which includes loans for small and medium businesses, registered $116,471 million pesos during 2Q23. The commercial portfolio with credit risk stage 2, which includes loans for small and medium businesses registered $2,482 million pesos during 2Q23.
- On the other hand, Preferred Banking portfolio, which includes mortgages, auto credits and consumer credits such as credit cards, lay up $24,754 million pesos, representing a 29% annualized gain.
- Core deposits, formed by demand deposits and savings accounts as time deposits, reached $148,966 million pesos during the Second Quarter of 2023, presenting a 20% increase compared to the same quarter last year. Time deposits had a 56% growth compared to 2Q22.
- Cost of funding in domestic currency is 6.9% at the end of 2Q23.
Risks and Strengths
- The Loans portfolio with credit risk stage 3 ratio was 1.3% at the end of 2Q23, 3 basis points lower than the same quarter last year.
- Regional has credit provisions that cover 1.8 times its non-performing loan portfolio.
- Banco Regional's capitalization ratio as of May 2023 is 14.5%.
Profitability
- The financial margin at the end of 2Q23 was $2,930 million pesos, increasing 30% versus 2Q22.
- Net Income was $1,300 at the end of 2Q23, 13% more than 2Q22.
- The Efficiency Index1 at the end of 2Q23 was 42.6%.
Company Description
Regional, S.A.B de C.V. (Regional) is a Mexican public company, which principal subsidiaries, Banregio Grupo Financiero, S.A. de C.V. (BanregioGF), Banco Regional S.A. IBM (Banregio) and Start Banregio, SOFOM (Start), grant credits and leases to medium and small businesses as well to individuals as their main activity.
Banregio has presence in 22 federal entities through a 160 branches network, located in: Aguascalientes, Baja California, Baja California Sur, Chihuahua, Coahuila, Ciudad de México, Durango, Estado de México, Guanajuato, Jalisco, Michoacán, Nuevo León, Puebla, Querétaro, Quintana Roo, San Luis Potosí, Sinaloa, Sonora, Tamaulipas, Veracruz, Yucatán and Zacatecas.
Regional is a public traded company (R), its main subsidiary Banco Regional was founded in 1994.
1Last 12 months
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Regional SAB de CV published this content on 24 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2023 07:50:05 UTC.