Latest news with #MexicanMarket
Yahoo
5 days ago
- Business
- Yahoo
Banco del Bajio SA (BBAJF) Q2 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Release Date: July 24, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Banco del Bajio SA (BBAJF) reported double-digit growth in revenues, EBITDA, and net income for Q2 2025. The company announced a new IPO transaction in the Mexican market, with five more confidential filings in the pipeline. The bond CCP project is nearing completion, with successful tests conducted and regulatory approval expected soon. The company is actively working on technology upgrades, including a transition to a next-generation platform and virtual co-location services. Banco del Bajio SA (BBAJF) was recognized by the Science-based Target initiative for its commitment to climate change prevention. Negative Points The depreciation of the peso against the US dollar negatively impacted revenues by 42 million pesos in Q2 2025. Operating expenses increased by 6%, driven by higher personnel costs and technology investments. The company's CapEx for the quarter was 68 million pesos, which may indicate higher future expenditures. The tax rate for the quarter was higher than usual, attributed to the impact of inflation. The OTC trading segment has shown limited growth over the past five years, primarily growing at the rate of inflation. Q & A Highlights Warning! GuruFocus has detected 5 Warning Sign with BBAJF. Q: Can you provide insights on the financial results, particularly the impact of FX and interest rates on the bottom line? A: (Ramon, CFO) The lower interest rates and FX appreciation impacted the financial results. We don't publish specific expectations for exchange rates or interest rates, leaving that to analysts. Q: What is the timeline for the implementation of the bond CCP and repos? A: (Roberto, Managing Director of Custody) We expect to start bond CCP operations in the last quarter of this year. For repos, approvals are anticipated by the end of the year or first quarter next year, with operations potentially starting in the second quarter of next year. Q: Can you clarify the CapEx plan for the year and the optimal cash level for the company? A: (Ramon, CFO) We expect CapEx to be around $250 to $260 million pesos. The buyback program is triggered by stock price, and we aim to distribute as much cash as possible, maintaining an optimal cash level. Q: What caused the higher tax rate this quarter, and what are the expectations for OTC trading growth? A: (Ramon, CFO) The higher tax rate is due to the impact of inflation, which is tax-deductible. For OTC trading, growth is limited by tariff structures, but we aim to expand services with electronic markets once the CCP is in place. Q: What are the top priorities for CapEx and technology initiatives, and how is AI being utilized? A: (Claudio Vivian, CIO) Top priorities include the post-trade transformation program and bond CCP. We have an AI Center of Excellence exploring capabilities like search and surveillance, aiming to improve productivity and operations. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
21-07-2025
- Business
- Yahoo
Global Payments renews alliance with Banamex in Mexico
Global Payments has expanded its partnership with Banco Nacional de México, a part of the Banamex Financial Group, to enhance commerce solutions in Mexico's acquiring and banking services sector. The collaboration is facilitated through Global Payments' EVO Payments business, which boasts a significant presence in the Mexican market, processing nearly 900 million transactions and servicing over 250,000 installed POS systems. The "multi-year renewal" aims to serve small and medium-sized enterprises as well as larger corporations, covering both online and physical retail environments. Banamex consumer banking head Sinead O'Connor said: 'Aligned with Mexico's growth, we continue to increase our robust technological payments infrastructure and strengthen our digital capabilities, enabling us to address and provide the best financial and payment solutions for SMEs and Corporates, which are the driving force behind local development.' As part of the alliance, Global Payments will deliver integrated and embedded payment solutions that complement Banamex's existing banking services. Global Payments' Mexico general manager Gabriel Mejía stated: 'Our strategic alliance with Banamex has been an outstanding success story and we are pleased to continue serving the needs of merchants across Mexico with our valued partner. 'Together, we will continue driving innovation forward so that businesses have the full range of leading commerce solutions they need to compete and win while delivering exceptional experiences for their customers.' Last week, the Financial Times reported that Elliott Management, an activist hedge fund, took a 'sizeable stake' in Global Payments. The payment processor has been facing investor backlash after its $24.2bn Worldpay acquisition pushed shares to a ten-year low. "Global Payments renews alliance with Banamex in Mexico " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Bloomberg
30-05-2025
- Business
- Bloomberg
Natura CEO Bets on Mexico as Cosmetic Maker Recovers from Rout
Natura & Co. is targeting the Mexican market in its push to boost sales as Chief Executive Officer João Paulo Ferreira works to reinvigorate the cosmetics company after disappointing earnings at the end of last year. 'We will grow disproportionately in Mexico,' Ferreira said in an interview. Natura plans to expand its presence in the country from its current footprint of 16 stores and stands, as well as its online operation and its network of more than 500,000 beauty consultants that offer its products in the country. Ferreira declined to provide any targets for store openings.
