December 25, 2014 1:46 PM ET


Company Overview of Banco Azteca, S.A., Institución de Banca Múltiple

Company Overview

Banco Azteca, S.A., Institución de Banca Múltiple provides various banking products and services primarily in Mexico. The company offers sight accounts, savings accounts, consumer credit, personal loans, payroll loans, and credit to purchase cars, as well as credit to entrepreneurs; and Internet banking and payment services. It operates approximately 4,000 branches. The company was founded in 2002 and is based in Mexico City, Mexico.

Tower 2

Floor 6

Insurgentes Sur # 3579

Col. Olympic Village, Tlalpan

Mexico City, DF 14020


Founded in 2002

Key Executives for Banco Azteca, S.A., Institución de Banca Múltiple

Chief Executive Officer and Chairman of the Boards of Directors of Banco Azteca In Guatemala
Chief Financial Officer
Treasury Manager
Chief Legal Officer and Secretary of the Board
Age: 52
Compensation as of Fiscal Year 2014.

Banco Azteca, S.A., Institución de Banca Múltiple Key Developments

Banco Azteca, S.A., Institución de Banca Múltiple Reports Earnings Results for the First Quarter Ended March 31, 2013

Banco Azteca, S.A., Institución de Banca Múltiple reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company's income increased 8%, to MXN 8,262 million from MXN 7,650 million, mainly as a result of an expansion of personal loans and Presta Prenda credits.

Banco Azteca, S.A., Institución de Banca Múltiple Announces Executive Changes

Banco Azteca, S.A., Institución de Banca Múltiple announced that its corporate governance body named Luis Nino de Rivera as CEO of the company. Luis Nino de Rivera has been Vice President of the board of the company since the beginning of its operation in 2002, and has 39 years of experience in the financial sector. Prior to joining the company, Mr. Nino de Rivera was CEO of Dresdner Bank Mexico, Vice President of Citibank Mexico, and CEO of Citibank Panama, among other international level positions. The post of Vice Chairman of the board of the company will be held by Alejandro Vargas Duran, CPA, who has served as Director of Regulation of the company for the last 10 years. Carlos Septien, Chief Executive Officer of Grupo Elektra and the company, will assume executive responsibilities as part of the Vice Presidency for Information and Public Issues of Grupo Salinas, with the goal of further strengthening the institutional relations of the group in Mexico and abroad.

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