Grupo Elektra, S.A.B. de C.V. (XEKT)

Overview

Grupo Elektra, S.A.B. de C.V. is a prominent entity in Latin America, engaging in financial services and specialty retail sectors. Its operations extend to the non-banking provision of short-term loans in the United States, making it a significant player in the financial landscape across these regions. With its roots stretching back to 1950, the company has grown substantially, now boasting around 6,000 contact points dispersed across Mexico, the United States, Guatemala, Honduras, and Panama. Grupo Elektra is strategically headquartered in Mexico City, Mexico, which serves as a central hub for its expansive operations in the region.

Products and Services

• Financial Services - Grupo Elektra operates a comprehensive suite of financial offerings, including banking, insurance, pension funds, and brokerage services. Apart from traditional banking services provided through Banco Azteca, which caters predominantly to the C+, C, C-, and D+ socioeconomic segments in Latin America, it also extends commercial credit and non-bank loans, showcasing its diversified portfolio aimed at facilitating various financial needs.

  The company's financial arm redefines accessibility, targeting underserved communities and providing them with essential banking and loan services. Through Banco Azteca, clients have access to deposit instruments, consumer loans, personal loans, and credit cards, underscoring Grupo Elektra’s commitment to financial inclusion across its markets.

• Specialty Retail - Under its commercial business, Grupo Elektra offers a wide array of products and services including motorcycles, mobile telephony, appliances, furniture, electronics, computers, and money transfers. These offerings are made available through a mix of physical contact points across Mexico and Central America, as well as through online platforms, catering to the evolving shopping preferences of consumers.

  The retail segment of Grupo Elektra is designed to meet the everyday needs of its customers, presenting a vast selection of household goods and electronics that enhance the quality of life. This sector is not only a testament to the company's adaptability in the evolving retail landscape but also to its dedication to providing comprehensive solutions that align with the aspirations and financial capabilities of its target demographic.