The total assets of the Credit Unions sector reached 61,911 million pesos, presenting an annual decrease in real terms of 2.6%, at the end of October, according to data from the National Baking and Stock Commission (CNBV).
The regulatory entity reported that the current credit portfolio of the sector reached a balance of 45,713 million pesos as of October 2021, with a real decrease of 1.6% compared to the same month of 2020.
While, bank loans, from partners and other organizations of the 82 credit unions were for 48,572 million pesos, reporting a real annual decrease of 2.6 percent. 65.2% corresponded to loans from partners, which is the main basis for financing SMEs, which decreased 8.2% in real annual terms.
The CUs collect resources exclusively from their partners, which can be legal entities (SMEs) and individuals with economic activity. The resources they obtain through their partners represent their main source of funding, although they also receive resources via multiple banks. development funds and development banking.
It should be noted that the net result of the sector was 586 million pesos, 64.2% higher in real terms compared to the January-October 2020 period, which shows the economic recovery and the participation of companies in search of resources to solve their requests. or develop projects.
The National Banking Commission calculated that in October of last year the return on assets (ROA) was 1.22%, the ROA indicator measures the profitability of assets, that is, thanks to this ratio the capacity of the entity to generate profits is measured .
For his part, the return on equity (ROE) of 6.41%, at the end of October 2021, the ROE measures the ability of entities to remunerate the people who invested in them.
Third trimester
The total assets of the Credit Unions were placed at 61,950 million pesos, which registers a growth of about 1,552 million pesos at the end of the third quarter of 2021.
50% of the total assets are in the Credit Unions: Farmers of Cuauhtémoc (13.2%), Ficein (11%), Industrial and Agricultural of the Lagoon (10.3%), Alpura (7.9%) and the Public Accounting Office (7.6 percent).
In the case of securities investments, Ficein Unión de Crédito has 26.83% of the total resources, being an entity with operations level I, which implies that it carries out traditional fund-raising operations. The particular law that governs them states that they can carry out operations with their partners, who must be natural persons with business activity or legal entities.
With regard to liabilities at the end of the third quarter of 2021, the balance was 50,256 million, which represents an annual reduction of 1.94 percent. The Credit Union with the largest volume of liabilities is Agricultores de Cuauhtémoc with 12.54% of the total equivalent to 6,304 million pesos, followed by Ficein with 11.50% and an amount of 5,779 million pesos and Industrial y Agropecuario de la Laguna with 10.58% of the total. total, which represents 5,317 million pesos.
According to the CNBVthe total loan portfolio increased 4.08% in nominal terms, to reach 47,853 million pesos at the end of September 2021. This increase was mainly explained by loans generated with other guarantees.
As for the administrative expenses of the Credit Unions sector, they totaled 1,203 million pesos and were reduced by 2.11%, which represents 25.88 million pesos less in annual terms.
Finally, the CNBV reported that between July and September 2021, the net result was 477 million pesos, an amount 63.58% (184.44 million) higher, when compared to the same period in 2020.