Compartamos Sees Rise in NPLs

Mexico’s Banco Compartamos expects losses of up to MXP4m from the floods in Tabasco and Chiapas. It anticipates an increase in the NPL ratio, but not above 20bp of the total loan portfolio. Compartamos has service offices in the affected areas of the state of Tabasco. The loan portfolio there represents 5% of the total. Some 31% of the loan portfolio in the state were affected to some degree, equivalent to 1.4% of Compartamos’ total loan portfolio. “Compartamos will not suspend the granting of loans in the region,” says the bank.