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Grupo Financiero Santander México, S.A.B. de C.V.

Company Detail

Description

Santander México, the Mexican unit of Spanish bank Santander, is a universal bank providing banking and other financial products and services to a range of customer segments, including personal, private, corporate, and SME banking customers. The bank offers personal banking products such as home loans, credit cards, personal loans, pension fund services, and insurance. Santander's business solutions include pension fund services, financing services, treasury management, trust management, and foreign trade services. Santander México is the country's third largest financial group by business volume. In late-2014, the bank agreed to acquire a consumer loan portfolio of around US$298mn from Scotiabank Mexico, which added more than 47,000 clients to Santander's share of the personal loans segment. Santander Mexico is headquartered in Mexico City, operates 1,079 branches and 298 offices in Mexico.

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