Banco Santander México Reports First Quarter 2020 Net Income of Ps.5,414 Million
Banco Santander Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (BSMX)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/investor-relations.html
Company Research
Source: PR Newswire
MEXICO CITY, April 29, 2020 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE: BSMX; BMV: BSMX), ("Banco Santander México" or "the Bank"), today announced financial results for the three-month period ending March 31st, 2020. Banco Santander México reported net income of Ps.5,414 million in 1Q20, representing increases of 2.3% YoY and 10.1% QoQ. HIGHLIGHTSResults (Million pesos)1Q204Q191Q19%QoQ%YoYNet interest income16,89616,72716,4491.02.7Fee and commission, net4,6974,3254,4268.66.1Core revenues21,59321,05220,8752.63.4Provisions for loan losses5,1654,8624,318
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