Earnings Report /

Gentera: GENTERA, Quarterly Report 2Q21: A faster-than-expected recovery

  • Gentera surprised favorably by posting a MXN 653 million profit, ~30% higher than expected

  • NIM increased to 28.1% and NPLs dropped to 3.0%, with ICAP at 33.2%

  • The quarter points to an accelerated recovery. We will revise our estimates and valuation with positive implications

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

27 July 2021
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