2019 Towards New Horizons
2018 was a decisive year for the fulfillment of our plan launched in 2014, where we set a concrete goal. Our results show that we are on the right track.
Since our beginning, we are one of the fastest growing financial institutions and maintain double-digit sustained growth, both in deposits and in our portfolio.
It is noteworthy that in 2018, we reached a historical figure of growth in our portfolio, which exceeded $40 billion pesos. This translates into goals and objectives fulfilled by our clients, whom we have supported and driven to grow; we materialized the dreams of those who bought a brand-new home, expanded their working capital or acquired credits.
During the 2014-2018 period, we have delivered outstanding results: we increased the credit portfolio by 95% and deposits by 132%, which means that we have practically tripled our Group’s value.
We improved our efficiency ratio, closing at 64.41%, against 71.37% in 2017. The return on equity (ROE) grew 11.01% compared to 7.95% for last year.
In 2018, we reached a historical figure of growth in our portfolio, which exceeded $40 billion pesos
All these is the result of the commitment of all the team that makes up Grupo Financiero B×+. We incorporated new talent; currently we have 1,495 employees and we developed new skills, which allowed us to better understand and meet our customers’ needs.
Our dynamic business model allows us to develop new products and services that strengthen our commercial offer: we launched the new version of our app B×+ Móvil, point of sale terminals and a new offer of derivative securities.
As regards technological innovations, we launched the CreeSer+ platform, designed to strategically manage all processes and products of the insurance. We adopted the most recent version of our Milagro system, which tracks the generation and placement of agricultural credit, optimizing response times.
In 2018, B×+ endorsed the project Patria Migrante by the artist Jorge Marín, which through its pieces, seeks to raise awareness about the relevance that the migrant phenomenon has for our country and region.
On the topic of sports, we prepared for the XIV Maccabi Pan-American Games 2019 to be held in Mexico. In addition, we returned to the racetrack in Formula 4 by sponsoring Iñigo León, a moto racing’s young promise, who obtained great results in this season.
During this period, we reaffirmed our leadership in the economic, financial and business sphere by consolidating ourselves as a model in national and international issues. We imparted several seminars aimed at journalists to keep promoting the press releases’ professionalization and, therefore, the information that reaches the public. We began a radio program, where we shared our economic and securities trading analysis, as well as our personal finance vision.
At B×+ we have the commitment to become strategic partners with our customers to accompany them in the realization of their projects through simple, personalized financial solutions, executed in an impeccable manner, to ensure long-term relationships.
At B×+ we have the commitment to become strategic partners with our customers to accompany them in the realization of their projects
In 2018, we began to write a new chapter that will lead us towards new horizons to continue generating value for customers, employees and shareholders.