financial performance for fiscal year 2007 grupo financiero improsa

MEMORIA ANNUAL REPORT ANUAL 2007 / GRUPO FINANCIERO IMPROSA
For Improsa Valores Puesto de Bolsa, 2007 was a year of consolidation in the Costa
Rican stock exchange, with excellent results for such a recently formed company.
Improsa Valores started operations in February 2006 with a goal of generating value
for shareholders, customers and employees alike, and under the concept of
personalized service and integrated investment risk management has made great
strides in its operation and profits in addition to strengthening its presence in the
Costa Rican stock exchange.
Improsa Valores offers its customers the service of buying and selling of securities,
supplementing this with specialized and personalized consulting in the structuring
and managing of investment portfolios and integrated investment risk
management. With the brokerage house's current sales and operating structure it
has been able to provide this service effectively and efficiently – as reflected in its
results.
Marketing efforts that were initially aimed at handling the investment needs of
Grupo Financiero Improsa’s existing customers were extended to attract new
customers to the Group, and this has led to a steady rise in the number of customers
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IMPROSA VALORES PUESTO DE BOLSA
Anthony Hidalgo Pérez
General Manager
Improsa Valores Puesto de Bolsa
and volume of managed and custodied assets at the brokerage. At the 2007 close
the total volume of managed assets in both local and international custody reached
US $104.99 million. In the international market alone the volume of managed assets
reached US $11.8 million.
Improsa Valores distinguished itself in 2007 with its leadership and efficacy in Grupo
Financiero Improsa’s funding operations on the local stock exchange. It was thus
able to place products for a total of US $43 million, primarily in real estate and
development funds and Grupo Financiero Improsa preferred stock. This aggressive
placement has led to more participation of Grupo Financiero Improsa instruments
on the secondary market, and this has led in turn to higher returns from secondary
market transactions.