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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México    BSMX B   MX41BS060005

BANCO SANTANDER MÉXICO, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO SANTANDER MÉXICO

(BSMX B)
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Banco Santander Mexico S A Institución de Banca Múltiple Grupo Financiero Santander Mexico : México announces that it has created prudential provisions for credit risks of Ps.3,915 million.

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07/29/2020 | 05:25pm EDT

BANCO SANTANDER MÉXICO ANNOUNCES THAT IT HAS CREATED PRUDENTIAL PROVISIONS

FOR CREDIT RISKS OF Ps.3,915 MILLION

Mexico City, Mexico on July 29, 2020 - Banco Santander México, S.A., Institución de Banca

Múltiple, Grupo Financiero Santander México (BMV: BSMX; NYSE: BSMX) ("Banco Santander México" or the "Bank"), one of Mexico's leading banking institutions, announced today that, as of the end of June 2020, it had created provisions for credit risks in an amount of Ps.3,915 million in connection with a potential deterioration in the credit quality of its loan portfolio, which the Bank believes it may see reflected in its financial results in the next 3 to 12 months as a result of the negative impact on economic activity being generated by the COVID-19pandemic.

ABOUT BANCO SANTANDER MÉXICO (NYSE: BSMX BMV: BSMX)

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Banco Santander México), one of Mexico's leading banking institutions, provides a wide range of financial and related services, including retail and commercial banking, financial advisory and other related investment activities. Banco Santander México offers a multichannel financial services platform focused on mid- to high-income individuals and small- to medium-sized enterprises, while also providing integrated financial services to larger multinational companies in Mexico. As of March 31, 2020, Banco Santander México had total assets of Ps.1,802 billion under Mexican Banking GAAP and more than 18.3 million customers. Headquartered in Mexico City, the Company operates 1,211 branches and offices nationwide and has a total of 19,638 employees.

Investor Relations Contact Information

Héctor Chávez López - Managing Director - IRO

  • 52 (55) 5269-1925hchavez@santander.com.mx

Investor Relations investor@santander.com.mx

Material Fact

Banco Santander México

Disclaimer

Banco Santander (México) SA Institución de Banca Múltiple Grupo Financiero published this content on 29 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2020 21:25:05 UTC


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Financials
Sales 2020 89 468 M 4 239 M 4 239 M
Net income 2020 15 819 M 749 M 749 M
Net Debt 2020 - - -
P/E ratio 2020 6,97x
Yield 2020 0,54%
Capitalization 110 B 5 196 M 5 190 M
Capi. / Sales 2020 1,22x
Capi. / Sales 2021 1,21x
Nbr of Employees 20 062
Free-Float 59,4%
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 20,41 MXN
Last Close Price 16,14 MXN
Spread / Highest target 98,3%
Spread / Average Target 26,5%
Spread / Lowest Target -1,49%
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NameTitle
Hector Blas Grisi Checa Chief Executive Officer, Director & EVP
Laura Diez Barroso Azcárraga Chairman
Enrique Luis Mondragón Domínguez Deputy General Director-Technology & Operations
Didier Mena Campos Chief Financial Officer
Rodrigo Brand de Lara Deputy General Director-Research & Public Affairs