In Crédito Real, our governance is integrated by principles, standards and by-laws regulating the operation of the bodies in charge of generating value, in addition of protecting the interests of the company through the efficient and transparent use of resources.
Board of Directors
The Board of Directors is the supreme supervising body of the management of Crédito Real , and the entity taking the actions necessary to ensure a sound Governance.
Corporate Governance Principles Learn more
Our Structure Shares representing the capital stock of the Company amount to 376,667,890 which are of a “Sole” Series, common, registered with no par value, and entered in the Section of Securities of the RNV. Such shares started listing in the BMV in October 2012, when the Company made its initial public offering, with picker "CREAL *".
During the General Meeting held on March 1, 2017, the amount that is equal to the balance of the net profits of the Company, including the existing retained earnings as of the conclusion date for fiscal year 2016 were determined as the maximum amount of resources that may be used to acquire own shares of the Company during fiscal year 2017.
In Crédito Real, S.A.B. de C.V., SOFOM E.R. (hereinafter, “Crédito Real”) we have solid governance practices, according to the highest transparency and professionalism standards that have allowed us obtaining a continuous growth and generating value for shareholders.
Crédito Real is governed by a regulatory framework and its corporate by-laws, and by its mission, vision and values.
The basis of the corporate by-laws of Crédito Real include, among others, the General Law of Business Corporations and the Securities Market Law, which govern their operation and cover the rights and obligations of its shareholders.
Whistle Blowing Line
Our whistle blowing line is a tool that allows us reporting any bribery, corruption, goods stolen, authority abuse, frauds, sexual harassment, physical or verbal aggression, and any fact contrary to the provisions of the Code of Ethics and Conduct.
01 800 062 1673 Monday through Friday from 8:00 a.m. at 10:00 p.m.
As part of the company’s strategy, we generate value for all our interest groups through an economic, environmental and social commitment that we continuously reinforce through several actions.
The process of Strategic Alignment in Crédito Real is based on the management by targets and starts with the strategic planning, where the global purposes of the company are defined (based on the mission and vision) and from there the strategic purposes per each executive office are derived.
Conflict of Interest
Prevent any activity or business that due to its nature may generate a conflict of interest and jeopardize integrity of Crédito Real. No collaborator will be allowed to perform activities, consultancies or businesses competing or affecting, directly or indirectly, the interest of the Institution, or whereby is intended to get personal benefits, including family members or third parties.
Our Business Currently, since our beginning more than 20 years ago, in Crédito Real we have focused on offering financial solutions to the population segment that has been historically unserved by the traditional banks, which have become our main business. In this order of ideas, we are aware that in order to attain a sustained profitable growth it is essential to keep the focus on our main activities. In turn, throughout our history, we have done continuous efforts to get a larger expansion of the Company, supported, mostly, by a selective and ordered acquisition strategy of companies reinforcing our existing businesses. In this manner, we achieve expanding our operations to the United States and Central America, thus, reaching a sound diversification of our sources of revenues per geographical location and currency. In the current consolidation stage of recent acquisitions, our strategy is based on assuring a solid organic growth, strengthening the most profitable business segments; simultaneously, we pursue a more solid financial structure in our Company and more diversification from funding sources.