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
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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