Financiera Independencia Reports 4Q11 Net Income of Ps.20.2 Million and Loan Portfolio Growth of 27.3%

MEXICO CITY, Feb. 23, 2012 /PRNewswire/ -- Total loan portfolio reached Ps.7,347.7 million, a 27.3% year-over-year increase, driven by the AEF and AFI acquisitions and significant growth at Finsol. Independencia's individual new loan origination increased to Ps.1,207.5 million, up 32.6% YoY and 7.5% QoQ. Non-performing loans ratio down to 9.4% in 4Q11 from 10.0% in 3Q11, and from 9.9% in 4Q10. NIM after provisions including fees increased to 44.9% in 4Q11 from 43.0% in 3Q11. Provisions for loan...continued FNCRY

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