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Non-Tech : GTR Groupo triebasa.. Look at the chart.. A winner -- Ignore unavailable to you. Want to Upgrade?

To: Amadeo Mendez-Vigo who wrote (140)	5/19/1999 11:56:00 AM
From: JDGarza	Respond to of 214

Not much other than what you know already...it apparently is have some difficulties ... how severe quien sabe....

To: Amadeo Mendez-Vigo who wrote (140)	5/20/1999 2:06:00 AM
From: JDGarza	Read Replies (1) \| Respond to of 214

I don't think I provide a link so here's the whole darn thing (two articles). You may have already seen this, so if you have please disregard... April 29, 1999 Dow Jones Newswires Mexico's GFSerfin 1Q Net MXN78.0M, Up 90% Dow Jones Newswires MEXICO CITY -- Grupo Financiero Serfin SA (GFLIY), one of Mexico's top financial services companies, said it registered its fifth consecutive quarter with positive earnings results as lower costs improved core banking operations. Serfin registered net profit of 78 million pesos ($1=MXN9.2700) in the first quarter of the year, up 90% from the like 1998 period. The financial group didn't provide comparative figures. Its flagship bank unit Banca Serfin posted net profit of MXN96 million in the first quarter, up from MXN49 million a year ago, the group said in a brief press release. Serfin said operating costs fell 14% in the period. Serfin's deposit base grew 15%, while its non-performing loan portfolio fell by 49% in the same comparative period. The ratio of loan-loss reserves to non-performing loans improved to 70% from 57% a year ago. Serfin's capitalization index stood at 10.5% in the period. Serfin has 560 bank branches throughout Mexico and more than MXN172 billion in assets. April 30, 1999 Dow Jones Newswires Mexico's Serfin CEO Denies Plans To Sell Afore Garante Dow Jones Newswires MEXICO CITY -- Mexican financial services company Grupo Financiero Serfin isn't seeking to sell its majority stake in pension fund manager Afore Garante, a top Serfin official said Friday. Chief executive Adolfo Lagos said in a conference call with analysts that the financial group is "open to opportunities to divest assets that could maximize shareholder value," but he denied recent media reports that Serfin is actively looking to sell its 51% stake in Afore Garante to Citigroup's (C) local banking unit Citibank Mexico. Afore Garante is backed by Serfin, Chilean pension fund manager Habitat with a 9% stake and Citibank with the remaining 40%. Lagos said Afore Garante contributed with 36 million pesos ($1=MXN9.2600) in net income to the financial group during the first quarter. Returns on investments made by Afore Garante during 1998 ranked second among the country's private pension fund managers with a net yield of 6.6%. The pension fund manager holds a market share of 11% in terms of affiliates with about 1.6 million accounts. It is the fifth largest in the country in terms of market share, according to government statistics. Grupo Financiero Serfin said Thursday that it posted net income of MXN78 million in the first quarter, up 90% from the first three months of 1998. Serfin class A shares trading on the Mexican Stock Exchange were among top gainers in midday trading Friday, advancing 5.1% or four centavos to 83 centavos. Briefing Book for: C Return to top of page \| Format for printing