While not the country's largest bank, Santander México
stands out for an impressive year in the capital markets that
has seen it offer debt and equity for the first time, as well
as buying new assets.
Bank of the Year, Mexico: Santander México
Despite slowing growth in Mexico, Santander México has not only withstood the challenge but also managed a landmark IPO and bond debut
The bank is the third largest in Mexico by assets and
deposits, says Fitch, which rates it triple-B plus. The rating
is supported by the bank's constant and above-average loan
growth. Santander has expanded branches, and recorded a strong
efficiency level of 39.2% at the end of the first half.
Santander México has been busy in debt, equity and
M&A markets. It placed a $4.1 billion IPO - the country's
largest ever -...
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