Credito Real goes to Biva for $ 615 million



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Crédito Real, the multipurpose financial company (sofom), celebrated the issuance of 615 million pesos of share certificates in the Bolsa de Valores de Valores (Biva). Resources will be used to finance your loan portfolio for small and medium-sized businesses, as well as payday loans.

This is the second issue carried out under an authorized program of stock certificates for a total amount of up to 10,000 million pesos. The first offer was in October 2017 for 800 million pesos raised in the BMV.

Asked about rising interest rates, Carlos Enrique Ochoa, CEO of Sofom, said that 41.5% of total debt was fixed rate – 27,865.6 million pesos in the third quarter reference rates would be limited in this measurement.

Sofom's credit portfolio grew to more than 30,000 million pesos in the third quarter of 2018.

Biva CEO Maria Ariza said that although volatility is still holding up at the end of the year due to internal and external conditions, companies continue to seek financing in the market. stock.

"We have had complicated weeks in the market, but we are celebrating a number such as Credito Real, which indicates that companies are engaged in the country and need funds to grow," Ariza said.

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