MEXICO CITY, April 28, 2014 /PRNewswire/ -- Grupo Financiero Interacciones, S.A. de C.V., (BMV: GFINTERO), ("Grupo Financiero Interacciones" or "GFI"), the largest specialized Mexican financial group with a business model focused on providing financing, risk management and financial advisory services mainly to the Mexican public sector, today announced results for the three-month period ended March 31, 2014. In 1Q14, Grupo Financiero Interacciones reported net income of Ps.522 million, representing increases of 62.62% YoY and 17.57% QoQ.

Mr. Carlos Hank Gonzalez, Chief Executive Officer of Grupo Financiero Interacciones, noted: "The solid results reported in the first quarter of the year demonstrate the strength of our business model, focused on providing financing and advisory services to the Mexican public sector and related SME suppliers. This strategy has allowed us to expand our loan portfolio by 10.90% YoY, mainly driven by our Infrastructure Banking business.  This performance is further underscored by the 62.62% YoY increase in net income, representing a 19.46% return on equity to investors.

"This reflects our efforts to expand our loan portfolio and profitability, while maintaining our focus on diversifying funding sources and keeping tight cost controls. The strong 51.35% YoY increase in deposits provides GFI with a lower cost funding source mainly focused on institutional deposits. This, together with the Ps.1,500 million debt issuance of Certificados Bursatiles for a 3.5 year term, successfully placed during the quarter, has allowed us to further reduce our cost of funding.

"While the first half of the year is seasonally lower for our business, we are pleased with the strong performance achieved this quarter and look forward to continuing implementing our growth strategy, seizing the attractive opportunities that our market presents," concluded Mr. Hank Gonzalez.

About Grupo Financiero Interacciones

Grupo Financiero Interacciones, S.A. de C.V. ("Grupo Interacciones" or "GFI"), is the largest specialized Mexican financial group with a business model focused on providing financing, risk management and financial advisory services mainly to the Mexican public sector, which includes federal, state and municipal governments, quasi-government entities and government suppliers. Grupo Financiero Interacciones conducts its business mainly through Banco Interacciones, its banking subsidiary, and through Interacciones Casa de Bolsa, its broker-dealer subsidiary, and Aseguradora Interacciones, its insurance company subsidiary. Grupo Financiero Interacciones is listed on the Bolsa Mexicana de Valores under the symbol "GFINTERO". For more information, please visit www.investorsinteracciones.com

This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. By their very nature, forward-looking statements and such information involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved or will differ from actual results. A number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed or implied in such forward-looking statements. Should one or more of these factors or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended. Grupo Interacciones assumes no obligation to update or correct the information contained in this press release.

To obtain the full text of this earnings release, please visit our Investor Relations website at www.investorsinteracciones.com under the Financial Information / Quarterly Financial Results section.

SOURCE Grupo Financiero Interacciones, S.A. de C.V.