We successfully issue a US $425 million Senior Notes due 2019 with a 7.5% coupon in the international markets. The transaction was more than 6 times over-subscribed.

We obtained the “Corporate Social Responsible Company” (CSR) certification, and “A Great Place to Work” and “One of the 100 Best Financial Companies” distinctions.

Our shares became part of the MSCI Mexico Small-Cap index.

We were nominate for the Latin America Executive Team rankings that are provided by “Institutional Investor” magazine. Credito Real was ranked in the Financials/Nonbanks sector across the following categories: Best CEO, Best CFO, Best IRO and Best Investor Relations Department.

In 2014, we increased our market share in one of our main payroll loans distributors by acquiring the remaining 51% of the equity of Kondinero. We firmly believe this merger is a strategic step to consolidate our leadership in payroll loans, which will enable us to achieve important synergies in our payroll loans operations, obtain efficiencies in the corporate structure, optimize the use of the sales forces, improve distribution costs and generate a greater profit value for our shareholders.

Within Payroll Loans, we have begun to enter new sectors, such as Mexican Social Security Institute (IMSS) pensioners in order to strengthen, diversify and grow our portfolio.

In group loans, we continue developing our new origination strategy through two partners. We also completed the acquisition of 23% of the equity of Somos Uno and 38% of Financiera Contigo.

In our used cars business, we completed a partnership with “Drive and Cash” by acquiring 51% equity. Drive and Cash is a company that offers financing with cars and commercial vehicles as guarantees.

Standard and Poor’s and HR Ratings increased our long-term corporate rating by one level on the global scale from “BB” to “BB +” and from “HR A” to “HR A +”, respectively.