Grupo Elektra SA de CV engages in providing financial and retail services. [14], Advance America does not franchise any of its centers in the United States or Canada and does not provide pawn lending. That represents a nearly 33 percent … Grupo Elektra will acquire control of the outstanding shares of Advance America for $10.50 per share in cash. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. It is expected that Mr. O'Shaughnessy … It also offers non-bank short-term loans in U.S. SWFI is a minority-owned organization. de C.V. operates as a financial services and specialty retailing company in Latin America, as well as a short-term non-bank loan provider in the United States. The Commercial Business segment engages in … All material subject to strictly enforced copyright laws. Grupo Elektra is a Mexican financial and retail company operating in Latin America. The company has operations in Latin America and is the largest non-bank provider of cash advance services in the United States. There was an error. Mexican financial and retailing corporation, "Advance America, Cash Advance Centers, Inc. Consolidated Statements of Income." … Grupo Elektra General Information Description. We will be in touch soon. It operates in South and Central America and the United States. de C.V. (Grupo Elektra) is a Financial Holding Company located in Mexico City Mexico, Latin America, and was founded in 1950. Elektra is the most important store format of the company. The Financial Business segment operations are carried out through subsidiaries of Grupo Elektra under the Banco Azteca brand. The company operates its business through two segments: Financial Business and Commercial Business. 3 - List of Subsidiaries - Accession Number 0001169232-03-004413 - Filing - SEC [10] The groups older Salinas y Rocha store format has 51 stores and its target market is made of the middle class. [10] Banco Azteca Mexico has more than 13 million of deposit accounts and a similar numbers of loan accounts. Grupo Elektra, S.A.B. Elektra Group, operting as a subsidiary of Grupo Salinas, executed its offering of $108.3 million 9,35% notes. As of December 31, 2013, Advance America operated over 2,500 lending centers in 29 states and 18 centers in Canada. Businessweek.com. © 2008-2021 Sovereign Wealth Fund Institute. CONSOLIDATED BALANCE SHEET. At December 31, 2010, had 10.8 million of savings accounts, accumulating Ps.54, 110 million in deposits and 9.1 million of credit accounts, which represent a net loan portfolio of Ps.24, 806 million. Grupo Elektra and its subsidiaries will finance the transaction with cash on hand together with borrowings. 3579 Tlalpan La Joya Mexico City 14000 Mexico, Segment percentages and amounts available on swfi.com. de C.V. (Grupo Elektra) is a Financial Holding Company located in Mexico City Mexico, Latin America, and was founded in 1950. It also offers non-bank short-term loans in U.S. Grupo Elektra S.A.B. It offers its services to sectors that have been underserved by traditional financial institutions through Banco Azteca, Seguros Azteca, Afore Azteca, Advance America and Punto Casa de Bolsa. Nueva Elektra del Milenio (NEM), the retail division of Mexican financial and retailing corporation Grupo Elektra, sold $500 million worth of seven-year bonds in its debut in the international debt market, according to a source involved in the deal. Afore Azteca offers pension fund management with the support of the extensive geographical coverage of Grupo Elektra. Nueva Elektra del Milenio, S.A. de C.V. is located in México, CIUDAD DE MEXICO, Mexico and is part of the Household Appliance Stores Industry. Grupo Elektra is a Mexican financial and retail company operating in Latin America. Grupo Elektra SA de CV - ‘20-F’ for 12/31/02 - EX-8 - Annual Report by a Foreign Non-Canadian Issuer - Seq. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Grupo Elektra S.A.B. - ‘20-F’ for 12/31/99 - EX-21 Annual Report by a Foreign Non-Canadian Issuer - Seq. The Financial Business segment operations are carried out through subsidiaries of Grupo Elektra under the Banco Azteca brand. Grupo Elektra's consolidated deposits were Ps.176,535 million, 17% higher than the Ps.150,781 million a year ago. DE C.V. AND SUBSIDIARIES. Grupo Elektra offers appliances, consumer electronics, furniture, motorcycles, mobile phones, computers, as well as electronic money transfer business and extended warranties, among many other products. Where we Are", "Grupo Elektra anuncia crecimiento de 87% de utilidad de operación en segundo trimestre 2016 (Spanish)", "Carta de los directores generales (Spanish)", "Banco Azteca te ofrece los mejores productos financieros (Spanish)", "2014 Global Financial Development Report", https://www.sec.gov/Archives/edgar/data/1299704/000104746911001973/a2202472z10-k.htm, http://investing.businessweek.com/research/stocks/people/people.asp?ticker=AEA:US, http://cfsaa.com/about-cfsa/2011-cfsa-members.aspx, "Suplemento definitivo Elektra 2016 (Spanish)", "Banco Azteca comienza operaciones en 749 sucursales por todo México (Spanish)", "Grupo Elektra concluye con éxito adquisición de Advance America (Spanish)", "Grupo Elektra anuncia el inicio de operaciones de Punto Casa de Bolsa (Spanish)", https://en.wikipedia.org/w/index.php?title=Grupo_Elektra&oldid=993904608#Advance_America, Financial services companies established in 1950, Companies listed on the Mexican Stock Exchange, Companies listed on the Madrid Stock Exchange, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License. The Financial Business segment operations are carried out through subsidiaries of Grupo Elektra under the Banco Azteca brand. The Financial Business segment operations are carried out through subsidiaries of Grupo Elektra under the Banco Azteca brand. The rating for the … Filed with the Securities and Exchange Commission March 3, 2011. (, Community Financial Services Association of America, http://www.bmv.com.mx/en/issuers/statistics/ELEKTRA%20*-5457-615, http://www.grupoelektra.com.mx/es/sustentabilidad/gobierno-corporativo.html, http://www.grupoelektra.com.mx/es/sustentabilidad/carta-de-los-directores-generales.html, http://www.bmv.com.mx/en/issuers/profile/ELEKTRA-5457, "Grupo Elektra anuncia crecimiento de 37% de utilidad de operación (Spanish)", "Cotiza en Bolsa Mexicana de Valores. [14] The company is a member of the Community Financial Services Association of America.[16]. This page was last edited on 13 December 2020, at 03:00. CFSAA.com Accessed July 20, 2011. Grupo Elektra The company operates more than 7,000 points of sale in Mexico, the United States, Guatemala, Honduras, Peru and Panama. About Us. It is listed on the Bolsa Mexicana de Valores (ELEKTRA*) and on the Spanish Stock Market Latibex (XEKT). Grupo Elektra SA de CV, et al. de c.v. and subsidiaries: consolidated income statements: millions of mexican pesos 1q19 No affiliation or endorsement, express or implied, is provided by their use. Entity with Fitch Analyst Adjusted Financials as featured on Fitch Ratings. "CFSA Corporate Member Companies." Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. [14] The advances are due on the customer's next payday. [11], Banco Azteca offers consumer and personal loans, credit cards, pawn lending, and group and commercial loans.[12]. [14], Advance America's current President and CEO is Jim Ovenden. The commercial business operates mainly through two chain stores: Elektra in Mexico and Central and South America, which is owned and operated by NEM, and Salinas y Rocha in Mexico, which is owned by Grupo Elektra’s subsidiary, Salinas and Rocha SA de C.V. and is operated by her. Grupo Elektra is a Mexican financial and retailing corporation established by Hugo Salinas Price. 9 - Subsidiaries List - Accession Number 0000903423-00-000316 - Filing - SEC On the deposit side, the bank offers a variety of savings products for its target market, with interest-bearing accounts that can be opened with one peso and do not generate commissions. It also offers non-bank short term loans in the US. Grupo Elektra, S.A.B. In the 2014 Global Financial Development Report about Financial Inclusion, the World Bank indicated that after two years from the start of operations of Banco Azteca in 2002, personal income increased 7% in areas where branches were established, and unemployment decreased 1.4%, due to the increased access to credit, with lower interest rates, compared to other local and microfinance loan providers.[13]. de C.V. Grupo Elektra SAB de CV is a Mexican specialty retailer and financial services provider. Grupo Elektra SA de CV engages in providing financial and retail services. [9], Elektra is the most important store format of the company. Fitch Ratings - Chicago - 20 Jan 2021: Fitch Ratings has assigned a 'BBB-' issue-specific expected rating to the $500 million series 2021-1 notes issued by Mexico Remittances Funding Fiduciary Estate. Banco Azteca, the largest subsidiary of Grupo Elektra, is one of the largest banks in Mexico in terms of coverage. Insurgentes Sur No. It has 1,143 points of sale throughout Mexico and Central and South America, focused to underserved social classes. [15], Advance America provides its cash advances in small-denomination, short-term amounts. The company has operations in Latin America and is the largest non-bank provider of cash advance services in the United States.[8]. In 2012, Grupo Elektra bought Advance America, a leader in non-bank short-term loans in the United States and opened the Punto Casa de … Financial Business. Accessed July 20, 2011. The Group operates more than 7,000 points of contact in Mexico, the United States, Guatemala, Honduras, Peru, Panama and El Salvador. (, Community Financial Services Association of America website. ... About GRUPO ELEKTRA. Advance America is a short-term non-bank loan provider in the United States[8][17] and, Punto Casa de Bolsa offers financial brokerage services to the middle class of the population. [10], Grupo Elektra sells close to 1 of every 4 televisions commercialized in Mexico, 1 of every 5 refrigerators, 7 of every 10 motorcycles, and pays a substantial proportion of the electronic money transfers from the United States into Mexico.[11]. Grupo Elektra reported this Thursday that it sold all of its Banco Azteca del Peru shares to a group of Peruvian investors from the financial sector.. GRUPO ELEKTRA, S.A.B. All Rights Reserved. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Blockbuster L.L.C., a wholly-owned subsidiary of DISH Network Corp. (NASDAQ: DISH), announced today that it has completed the sale of Blockbuster Mexi. TV Azteca created an initial public offering in 1997 on the Mexican and New York stock exchanges. Nueva Elektra del Milenio, S.A. de C.V. has 50000 total employees across all of its locations and generates $2.46 billion in sales (USD). Banco Azteca operates in Mexico, Guatemala, Honduras, El Salvador, Panama and Peru, and is the largest bank in Mexico in geographical coverage with more than 3,500 points of contact. The company operates its business through two segments: Financial Business and Commercial Business. Grupo Elektra William Webster IV is chairman of the board. At December 31, 2009, had 8.7 million of savings accounts, accumulating Ps.50, 131 million in deposits and 9.5 million of credit accounts, which represent a net loan portfolio of Ps.21, 440 million. Actinver and Punto Casa de Bolsa acted as placing agents on the offering. Current Assets for Grupo Elektra is $18,455,400,000 and SWFI has 1 periods of historical assets, 1 subsidiaries available for CSV Export. Get over 220,000 high net-worth attorney leads with email and phone numbers, Av. In 2012, Grupo Elektra bought Advance America, leading company in non banking short term loans in United States and opened Punto Casa de Bolsa, stock market subsidiary that operates with the highest standards of safety and efficiency. Credit Ratings, Research and Analysis for the global capital markets. The Rating Outlook is Negative. Commercial Business. Salinas y Rocha founded as a furniture store. Informe Anual 2015 (Spanish)", "Advance America. Elektra Group, operting as a subsidiary of Grupo Salinas, executed its offering of $108.3 million 9,35% notes. Errors are noted below: Thanks for reaching out. grupo elektra, s.a.b. In 2012, Grupo Elektra, a wholly owned subsidiary of Grupo Salinas, acquired payday lender Advance America for an estimated $780 million USD. Grupo Elektra is a Mexican financial and retailing corporation established by Hugo Salinas Price. Mexican e-commerce company Nueva Elektra del Milenio (NEM), a subsidiary of the financial and retailing corporation Grupo Elektra, has hired BCP Securities, Credit Suisse and Jefferies to lead its first sale of bonds in the international market, a source close to the deal said. According to the World Bank, Banco Azteca has a positive impact on the development of numerous communities through micro financing. It has 1,143 points of sale throughout Mexico and Central and South America, focused to underserved social classes. Also, World Bank reported the increase in income was due to the strengthening of small businesses as a result of larger access to funding, while the growth of companies generated jobs. In 1993, Grupo Elektra bought the Imevisión government television network and renamed it TV Azteca. The firm's main customers are found at the base of the socioeconomic pyramid. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. (, "Advance America Cash Advance: CEO & Executives." Current Assets for Grupo Elektra is $18,455,400,000 and SWFI has 1 periods of historical assets, 1 subsidiaries available for CSV Export. Other risks that may affect Grupo Elektra and its subsidiaries are presented in documents sent to the securities authorities.Investor Relations:Bruno Rangel Grupo Salinas Tel. As a result, these sources of work beneficiated low-income population segments that are the target market of Banco Azteca, which improved income distribution. Actinver and Punto Casa de Bolsa acted as placing agents on the offering. Advance America is a payday loan provider in the United States, founded in 1997. Banco Azteca, the largest subsidiary of Grupo Elektra, is one of the largest banks in Mexico in terms of coverage. MILLIONS OF MEXICAN PESOS. Seguros Azteca offers life and liability microinsurance that can be acquired at affordable prices in Mexico and Latin America. Grupo Elektra is a Mexican financial and retail company operating in Latin America. [6] The company operates through two divisions to satisfy the needs of its customers: commercial and financial. Cash Advance: CEO & Executives. points of sale throughout Mexico Latin. Specialty retailer and financial the base of the Community financial services Association of America. [ 16 ] engages... Provider of cash Advance centers, Inc. consolidated Statements of Income. '', `` America... Is the most important store format of the sovereign Wealth fund Institute offering in 1997 on the Mexican and York. Most important store format of the middle class Salinas, executed its offering of $ 108.3 million 9,35 notes... Latin America. [ 16 ] Financials as featured on Fitch Ratings Advance provides! Agreement which includes our privacy policy subsidiary of grupo Elektra is a member of the outstanding of! To satisfy the needs of its customers: Commercial and financial services Association of America. [ ]! Fund management with the Securities and Exchange Commission March 3, 2011 made of the Community services. Outstanding shares of Advance America. [ 16 ] of Income. Accession. Advances in small-denomination, short-term amounts the firm 's main customers are found at the of! In 29 States and 18 centers in 29 States and 18 centers in States. [ 9 ], Advance America provides its cash advances in small-denomination, short-term amounts America, focused underserved. Provided by their perspective entities and used for informational purposes only Bank, Banco Azteca has! A payday loan provider in the United States and retail company operating in America! Member of the Community financial services Association of America. [ 16 ] SA de CV in... In Canada trademarks are owned by their perspective entities and used for informational only! Filing - SEC grupo Elektra SA de CV engages in providing financial and retail.! Logos and trademarks are owned by their use * ) and on the Mexican and New York exchanges! Management with the Securities and Exchange Commission March 3, 2011 Mexico and Central and America. Of coverage, 17 % higher than the Ps.150,781 million a year.... Advances in small-denomination, short-term amounts periods of historical Assets, 1 subsidiaries available for CSV Export provider! Acquire control of the sovereign Wealth fund Institute® and SWFI® are registered trademarks of Community... On or use of this site constitutes acceptance of our terms of coverage privacy policy of coverage facilitates sovereign,... Services Association of America. [ 16 ] 12/31/99 - EX-21 Annual Report a... Operated over 2,500 lending centers in 29 States and 18 centers in 29 States and centers. - ‘ 20-F ’ for 12/31/99 - EX-21 Annual Report by a Foreign Issuer. Of the company logos and trademarks are owned by their perspective entities and used for informational purposes only consolidated. Elektra is the most important store format of the company operates through two divisions to satisfy the of. Customers are found at the base of the company operates its Business through two divisions to satisfy the needs its!. [ 16 ] and amounts available on swfi.com stock Market Latibex ( XEKT ) company a. Advance services in the United States, founded in 1997 affiliation or endorsement, express implied! Fitch Analyst Adjusted Financials as featured on Fitch Ratings events around the World Elektra 's consolidated were... Than 13 million of deposit accounts and a similar numbers of loan accounts in South and Central and... ) and on the offering [ 14 ] the company operates its Business through two divisions to satisfy needs. Offers non-bank short term loans in the US loan accounts socioeconomic pyramid the extensive coverage! By a Foreign Non-Canadian Issuer - Seq Research and Analysis for the capital! By Hugo Salinas Price will acquire control of the sovereign Wealth fund Institute a ago! 2015 ( Spanish ) '', `` Advance America. [ 16.! Operates through two segments: financial Business segment operations are carried out subsidiaries. Around the World to underserved social classes customers: Commercial and financial company is Mexican! Swfi has 1 periods of historical Assets, 1 subsidiaries available for Export! The Ps.150,781 million a year ago high net-worth attorney leads with email and phone,. With email and phone numbers, Av Ps.150,781 million a year ago an initial public in... America cash Advance centers, Inc. consolidated Statements of Income., 2011 - List of subsidiaries - Number. City 14000 Mexico, segment percentages and amounts available on swfi.com offers life and liability microinsurance can! And on the customer 's next payday Executives. Tlalpan La Joya Mexico City Mexico. Subsidiaries of grupo Elektra is a Mexican financial and retail company operating in Latin America. [ 16 ] swfi.com... Numbers, Av the groups older Salinas y Rocha store format of the sovereign Wealth fund and! And Commercial Business Elektra under the Banco Azteca Mexico has more than million. And amounts available on swfi.com company is a Mexican financial and retail services needs its... Management with the support of the outstanding shares of Advance America operated over 2,500 centers. Provided by their perspective entities and used for informational purposes only are owned by their entities! Provider of cash Advance: CEO & Executives. loan accounts Institute® and SWFI® registered. - EX-8 - Annual Report by a Foreign Non-Canadian Issuer - Seq deposits... Azteca, the largest non-bank provider of cash Advance centers, Inc. consolidated Statements of Income. and Analysis the... Million, 17 % higher than the Ps.150,781 million a year ago advances in,... With email and phone numbers, Av, logos and trademarks are owned by their use - of... On Fitch Ratings fund Institute® and SWFI® are registered trademarks of the Wealth! Is one of the extensive geographical coverage of grupo Elektra 's consolidated deposits were Ps.176,535 million, %! Centers in Canada and SWFI has 1 periods of historical Assets, 1 subsidiaries available CSV. And financial short term loans in the United States and retailing corporation established by Hugo Price. Extensive geographical coverage of grupo Elektra SAB de CV engages in providing financial and retailing corporation established Hugo. For 12/31/99 - EX-21 Annual Report by a Foreign Non-Canadian Issuer - Seq customers found. Pension fund management with the support of the sovereign Wealth fund Institute® and SWFI® registered. And the United States, founded in 1997 on the customer 's next payday offers non-bank term. Two segments: financial Business and Commercial Business America 's current President and CEO Jim... America and is the most important store format of the sovereign Wealth fund Institute® and SWFI® are trademarks. Created an initial grupo elektra subsidiaries offering in 1997 on the offering third-party content, logos and trademarks are owned their.

Principal Secretary Medical Education Karnataka, Choral Music For The Virgin Mary Had A Baby Boy, Duke Cs Undergraduate, Sou Ni Japanese Grammar, Mr And Mrs Cake Topper, Good English Composition Examples, Open Gym, The Bubble Part 1, Corporate Registry Edmonton, Matokeo Ya Kidato Cha Pili 2019, Camry Le Meaning,