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

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

Grupo Elektra, S.A.B. de C.V. operates as a financial services and specialty retail company in Mexico, the United States of America, and Central America. The company operates through two segments, Financial business and Commercial business. It engages in the retail sale of goods and services, and money transfers. The company also provides banking and credit services, including receiving deposits, accepting and granting loans and credit, raising funds from the public, investing in securities, entering repurchase agreements, issuing bank bonds, issuing subordinated debentures, and performing other commercial banking operations; short-term non-bank loans; and other financial services, including short-term cash advances. In addition, it is involved in the provision of insurance and reinsurance services in life, accident and illness, damage operations, and personal accident and medical expense operations; insurance, coinsurance, and reinsurance services in property, casualty, and professional liability, marine and transportation, fire, earthquake, other catastrophic risks, and automobile; other related services; management of individual retirement account resources for workers; and brokerage services. Further, the company engages in the retail business of motorcycles, telephones, appliances, household goods, entertainment, consumer electronics, furniture, computers, electronic money transfers, extended warranties, and cell phone minutes. Grupo Elektra, S.A.B. de C.V. was founded in 1950 and is based in Mexico City, Mexico.