The debt with cost as of September 30, 2023 was 38,630 million, 5% lower compared to 40,609 million the previous year, as a result, mainly, of payments of international bonds and amortization of bank loans.
The overdue portfolio of the financial business grows
The consolidated gross portfolio of Banco Azteca México, Purpose Financial and Banco Azteca Latinoamérica grew 8%, to 168,968 million, as of September 30, 2023. The consolidated delinquency rate was 5.7% at the end of the period, compared to 3.9% at the end of the period. previous year.
The gross portfolio balance of Banco Azteca Mexico increased 9% to 162,843 million, from 149,849 million a year ago. The Bank’s non-performing loan ratio at the end of the quarter was 5.3%, compared to 3.2% a year earlier.
As of September 30, Grupo Elektra added 6,218 contact points. It closed 105 Purpose Financial units in the United States, but opened 83 points in Mexico and 33 in Central America.