New & Noteworthy
FOR IMMEDIATE RELEASE
Compartamos Banco Reaches One Million Client Target
Mexico City, Mexico – August 28 2008 – Banco Compartamos, S.A. Institución de Banca Múltiple (“Compartamos” or “the Company”) (BMV:COMPART) today announced, that it had reached one of the Company’s most important goals since its inception: to reach the target of one million active clients. Since its beginning, Compartamos has been certain that its objective of creating social value is to give financial services access to the greatest number of people, in the least amount of time. Reaching the one million client mark is evidence of the value the Company has created in the lives of its clients.
Mr. Fernando Alvarez Toca, Chief Financial Officer, emphasized the importance of this achievement, “This figure is not just a number, behind each one of these loans is a person, a home or a family that found in Compartamos the opportunity to strengthen their business and thus, together with their personal efforts, to have the ability to improve the quality of life of their families so that they can develop as better human beings.”
“To reach one million clients fills us with pride, but it also obligates us to double our efforts,” stated Mr. Alvarez. “There continues to be a large market for us to reach in Mexico and this is one of the reasons that will allow us to maintain growth in the coming years.”
Mr. Alvarez also mentioned that the one million client goal is also an indicator of the Company’s excellent execution of the business model. “Our clients have very good credit quality, with NPL’s of only 1.38% at June 2008. In the midst of the banking industry’s financial crisis, Compartamos is consolidating as the strongest microfinance institution in Mexico in terms of growth and with excellent future potential”. He also mentioned the important role that the Company’s employees play in Compartamos’ business model.
“The quality of client service is based on personalized treatment, and this would not be possible without the daily effort of our employees. Undoubtedly, it is thanks to them that we are able to achieve this goal.” He concluded by also thanking all who have been involved in making the goal a reality, “To all our employees, shareholders and friends, but above all, our clients, we want to extend our deepest appreciation for putting their trust in us and giving Compartamos the opportunity to serve them.” For more information visit www.compartamos.com or contact:
Daniel Manrique Inés Robles Media Relations De la Calle, Madrazo, Mancera, S.C. Compartamos Banco 1084 2102 Insurgentes Sur 553, Ciudad de México, México irobles@cmmsc.com.mx T: +52 (55) 5276-7250 Ext. 7353 jmanrique@compartamos.com Compartamos Banco genera oportunidades de desarrollo a través de servicios financieros a personas de segmentos populares, que permiten a nuestros clientes invertir en su activo más importante: ellos mismos. Lo hacemos mediante redes sociales y un modelo de negocio que genera valor social, económico y humano.
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