| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
1,358 |
| Employees |
18,000 |
| Revenues (TTM) (Millions $) |
3,286 |
| Net Income (TTM) (Millions $) |
1,181 |
| Cash Flow (TTM) (Millions $) |
3,091 |
| Capital Exp. (TTM) (Millions $) |
138 |
Business Description
Banco Santander Mexico S.A. Institucion De Banca Multiple, Grupo Financiero Santander Mexico (BSMX) is a subsidiary of the Spanish banking giant Banco Santander, S.A. It is one of the largest banking institutions in Mexico with a wide range of financial products and services.
BSMX was first established in 1932 as Banco Mexicano. However, in 2000, Banco Santander took over the bank and renamed it Santander Mexico. BSMX has a presence in 55 cities across the country and operates more than 1,300 branches, 7,600 ATMs, and more than 550,000 point-of-sale terminals.
BSMX offers an array of financial products and services such as personal and business banking, loans, mortgages, insurance, and investments. The bank serves a wide range of customers, including individuals, small and medium-sized enterprises, corporate clients, and government institutions.
Personal banking services offered by BSMX include checking accounts, savings accounts, credit cards, debit cards, loans, mortgages, and investments. The bank also provides specialized services for different customer segments, such as retirees, students, and expatriates.
For businesses, BSMX offers a range of solutions such as credit lines, corporate loans, factoring, leasing, and cash management services. The bank also provides international trade services, including letters of credit and foreign currency exchange services.
BSMX is committed to investing in innovative technology to enhance its customer experience. The bank launched its digital platform in 2016 to offer customers 24/7 access to their accounts and a user-friendly interface for online banking. In-branch technology, such as digital kiosks, has also been implemented to improve customer efficiency and convenience.
BSMX is also known for its social responsibility programs, such as its Santander Universities Global Division. The initiative focuses on fostering a culture of innovation and entrepreneurship by providing support to students and researchers in higher education.
In conclusion, BSMX is a leading financial institution in Mexico offering a wide range of financial solutions to individuals and businesses. Its commitment to customer service, innovative technology, and social responsibility sets it apart in the market.
Company Address: Avenida Prolongación Paseo de la Reforma 500 Mexico City 1219
Company Phone Number: 55-5257-8000 Stock Exchange / Ticker: NYSE BSMX
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