Neha Patil (Editor)

Banco Santander (Mexico)

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Industry
  
Financial services

Parent organization
  
Santander Group

Founded
  
14 November 1991

Banco Santander (Mexico) httpswwwmarketbeatcomlogosgrupofinanciero

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

Type
  
sociedad anónima bursátil de capital variable

Traded as
  
BMV: SANMEX NYSE: BSMX (ADR)

Services
  
Retail and corporate banking

Owner
  
Banco Santander (74.97%)

CEO
  
Hector Grisi Checa (1 Dec 2015–)

Stock price
  
SANMEXB (BMV) MX$ 30.16 +0.01 (+0.03%)1 Mar, 9:37 AM GMT-6 - Disclaimer

Headquarters
  
Álvaro Obregón, Mexico City, Mexico

Profiles

Grupo Financiero Santander México, S.A.B. de C.V. is a Mexican banking group and a subsidiary of Spanish bank Banco Santander.

Contents

History

The Mexican banking group Grupo Financiero InverMexico was founded in 1991. In 1997, the group was renamed Grupo Financiero Santander Mexicano, after the group was acquired by Banco Santander. In 1998, the group merged with Grupo Financiero Santander Mexico. In 2000, the group merged with sister group Grupo Financiero Serfin. The group was renamed to Grupo Financiero Santander Serfin in 2001.

In 2003, Bank of America purchased 24.9% stake of the group from parent company Banco Santander of Spain. In 2006, the group renamed again as Grupo Financiero Santander, S.A. de C.V. and later that year as Grupo Financiero Santander, S.A.B. de C.V. (publicly traded variable capital corporation).

Banco Santander (México)

Banco Santander (México) S.A. was founded on November 16, 1932, under the name Banco Mexicano. In 1955 Sociedad Mexicana de Crédito Industrial (Banco Somex) purchased a controlling interests of the bank. In 1958 Banco Mexicano merged with Banco Español. In 1979 the bank changed its name to Banco Mexicano Somex. In 1982 banks were nationalized. In 1992 InverMexico acquired Banco Mexicano. In 1996 the group was acquired by Banco Santander. In 2001 the bank was renamed as Banco Santander Mexicano.

In 2004 Banco Santander Mexicano and Banca Serfin were merged to form Banco Santander Serfin. In 2008 it was renamed as Banco Santander (México).

Banca Serfin

In 1970 Banco de Londres y México merged with Compañía General de Acceptaciones to form Banca Serfin. In 1992 the bank was acquired by Operadora de Bolsa and Banco Santander in 2000. The bank became defunct after a merger with Banco Santander Mexicano in 2004.

References

Banco Santander (Mexico) Wikipedia