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Mexico Compartamos expects over 20 pct loan growth

Wed Jul 1, 2009 12:26pm EDT

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MEXICO CITY, July 1 (Reuters) - Compartamos (COMPARTO.MX), a Mexican bank that makes small loans to family businesses, expects its second-quarter lending to have risen more than 20 percent despite a steep recession.

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"At the beginning of the year Compartamos expected to grow above 20 percent, but everything indicates we'll comfortably beat that goal," Chief Financial Officer Fernando Alvarez told Reuters in an interview. (Reporting by Noel Randewich and Tomas Sarmiento; Editing by Tim Dobbyn)

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