We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Banco Santander SA | NYSE:SAN | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.04 | -0.82% | 4.83 | 4.86 | 4.81 | 4.85 | 1,502,812 | 22:32:53 |
From May 2019 to May 2024
By Amy Guthrie
MEXICO CITY--Grupo Financiero Santander Mexico said Tuesday it has agreed to buy a consumer loan portfolio valued at 4.10 billion pesos ($300 million) from the Mexican unit of Scotiabank, with the aim of increasing its market share in personal loans.
Santander Mexico said in a release that about 90% of the more than 47,000 clients in the portfolio represent new business opportunities for the bank, a unit of Spain's Banco Santander. Nearly all of the clients in the portfolio are considered middle- to high-income.
Santander, one of Mexico's largest commercial banks with assets of about $68 billion and more than 11 million customers, hopes to close the deal within the next three months.
Scotiabank's Mexican unit said it would continue with its plans to expand in different credit segments, and that it is going ahead with its 3.6 billion-peso investment plan, which includes the acquisition of new technology and systems.
Scotiabank said it "reiterates its commitment with the country and its confidence in Mexico's short-term and long-term growth prospects."
Write to Amy Guthrie at amy.guthrie@wsj.com
Access Investor Kit for Banco Santander SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=ES0113900J37
Access Investor Kit for Grupo Financiero Santander Mexico SAB de CV
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=MXP690491412
Access Investor Kit for Banco Santander SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US05964H1059
Access Investor Kit for Grupo Financiero Santander Mexico SAB de CV
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US40053C1053
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Banco Santander Chart |
1 Month Banco Santander Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
