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Banco Santander Mexico S.A.

Company Description

Banco Santander Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Santander México engages in the provision of financial and related services, including retail and commercial banking, securities brokerage, financial advisory and other related investment activities. It operates through the following segments: Retail Banking, Global Corporate Banking, and Corporate Activities. The Retail Banking segment provides commercial banking and asset management business. The Global Corporate Banking segment includes corporate banking business, including managed treasury departments and the equities business. The Corporate Activities segment comprises of the financial management division, which manages structural financial risks that arise from its commercial activities, mainly liquidity risk and interest rate risk. The company was founded on November 14, 1991 and is headquartered in Mexico City, Mexico. [Source: MarketWatch]

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