Abaco Grupo Financiero S.a. De C.v. - E.AGP- Profile

Abaco Grupo Financiero S.A. de C.V. is a holding company which buys and sells stocks and bonds. The company's principal holding is the Mexican bank Confia S.A., which signed a cooperation agreement with National Bank of Canada in 1995. Confia has 264 branches in Mexico and one in the Cayman Islands. The Abaco group also includes two U.S.A. brokerage subsidiaries: Rodman & Renshaw Capital Group Inc. and Abaco International Corp. Interest income accounted for 72% of 1996 revenues; commissions earned, 23% and other operating income, 5%.