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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

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Banco Santander Mexico S A Institución de Banca Múltiple Grupo Financiero Santander Mexico : México announces the departure of Ángel Rivera Congosto, vice president of retail banking, who will assume a new role in the group.

09/24/2020 | 01:00pm EST

BANCO SANTANDER MÉXICO ANNOUNCES THE DEPARTURE OF ÁNGEL RIVERA CONGOSTO, VICE PRESIDENT OF RETAIL BANKING, WHO WILL ASSUME A NEW ROLE IN THE GROUP

Mexico City, Mexico, September 23, 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 the leading Mexican banks, announced that, as a result of the mobility policy of Grupo Santander, Ángel Rivera Congosto, who arrived to Mexico three years ago as Vice President of Retail Banking, will return to Spain to assume a new role, effective October 15.

Héctor Grisi, executive president and chief executive officer of Banco Santander México, commented: "Under Angel's leaderhsip and determination, we have been able to achieve excellent results during the last three years and every day more people consider us their first banking option, due to Movimiento Santander, which revolutionized the way in which we work to attract and engage clients, including the deep transformation of the retail network and our specialized businesses. Furthemore, Ángel led our digital transformation with the creation of our digital factory, which has produced several innovative initiatives in the market.

Ángel has always shown an enormous enthusiasm and professionalism in everything he does, traits that he leaves behind for his team and that will certainly continue to allow us to obtain successful results. I want to thank him for his commitment to Santander México throughout these years, always performing at the highest level both professionally and personally".

Since 2017, Mr. Rivera served as vice president of retail banking of Banco Santander México, which includes the areas of business strategy, retail networks, digital and innovation, client strategy and commercial planning. His roles and duties will be assumed by experienced executives in these areas who will report directly to the executive president and chief executive officer.

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 June 30, 2020, Banco Santander México had total assets of Ps.1,929 billion under Mexican Banking GAAP and more than 18.6 million customers. Headquartered in Mexico City, the Company operates 1,406 branches and offices nationwide and has a total of 20,062 employees.

Material Fact

Banco Santander México

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

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Banco Santander (México) SA Institución de Banca Múltiple Grupo Financiero published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2020 16:59:05 UTC


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Financials
Sales 2020 89 527 M 4 481 M 4 481 M
Net income 2020 16 763 M 839 M 839 M
Net Debt 2020 - - -
P/E ratio 2020 8,44x
Yield 2020 -
Capitalization 145 B 7 250 M 7 276 M
Capi. / Sales 2020 1,62x
Capi. / Sales 2021 1,60x
Nbr of Employees 20 922
Free-Float 59,4%
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 21,33 MXN
Last Close Price 21,42 MXN
Spread / Highest target 49,4%
Spread / Average Target -0,42%
Spread / Lowest Target -25,8%
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Managers
NameTitle
Hector Blas Grisi Checa Chief Executive Officer, Director & EVP
Laura Diez Barroso Azcárraga Chairman
Jesús Santiago Martín Juárez Executive Director-Operations & Process
Didier Mena Campos Chief Financial Officer
Rodrigo Brand de Lara Deputy General Director-Research & Public Affairs