Grupo Elektra SA DE CV - ELEKTRA- Profile

Grupo Elektra SA de CV(ELEKTRA). The Group's principal activities are carrying out three business segments: commercial, credit and international. Commercial is into selling a variety of brands for electric and household appliances and furnitures in Mexico. Other activities are providing currency transfer services from the United States to Mexico and within Mexico, and selling guarantee policies. Credit is into providing accrued interest and moratorium collected from Banco Azteca as well as expenses incurred to manage the operation of granting credit, allowance for loan losses and interests to finance portfolio. International is into providing credit and commercial operations in Guatemala, Honduras, El Salvador, Peru and Panama. Brands include Elektra, MegaElektra, Salinas y Rocha, Milenia, La Casa del Celular, Banco Azteca, Credimax, Afore Azteca, Ahorro Azteca, Seguros Azteca, Cuenta Azteca, Cuenta Socio, and Inversion Azteca, among others. Commercial accounted for 50% of 2006 revenues; credit, 40% and international, 10%