Grupo Elektra
Grupo Elektra is a Mexican financial and retail corporation established by Hugo Salinas Price and owned by Grupo Salinas. It is listed on the Bolsa Mexicana de Valores (ELEKTRA) and on the Spanish Stock Market Latibex (XEKT), and was formerly listed on the New York Stock Exchange (EKT).
Grupo Elektra is Latin America's leading specialty retailer and financial services company, serving the mass market by providing consumer credit.
Grupo Elektra is divided mainly in two divisions: retail and financial. At the same time, the retail division is divided in two geographical areas: Mexico, which includes four store formats; and Latin America, where only the Elektra store format operates and credit is still granted through the commercial division.
Grupo Elektra's financial division only operates in Mexico and Panama and includes Banco Azteca, a bank that offers financial services to Mexico's mass market; Afore Azteca, a retirement fund manager; Seguros Azteca, an insurance company; and Circulo de Crédito, the new credit information bureau for individuals in Mexico.