Industry: Banks-Regional

Sector: Financial Services

Banco Santander Mxico, S.A., Institucin de Banca Mltiple, Grupo Financiero Santander Mxico provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services. The company also provides cash management, working capital solutions, and trade finance; bonds, syndicated loans, project and asset-based finance; financial and strategic advisory services for mergers and acquisition; solutions and services for investing and hedging; and Internet and mobile banking services. It serves individuals, private banking clients, small and medium-sized enterprises, middle-market corporations, government institutions, and corporate and institutional customers. The company was formerly known as Banco Santander (Mxico), S.A., Institucin de Banca Mltiple, Grupo Financiero Santander and changed its name to Banco Santander Mxico, S.A., Institucin de Banca Mltiple, Grupo Financiero Santander Mxico in September 2012. The company was incorporated in 1932 and is headquartered in Mexico City, Mexico. Banco Santander Mxico, S.A., Institucin de Banca Mltiple, Grupo Financiero Santander Mxico operates as a subsidiary of Grupo Financiero Santander Mxico, S.A. de C.V.

Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.