Banco Santander México Reports Fourth Quarter 2018 Net Income of Ps.4,590 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, Jan. 30, 2019 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, as succesor of Grupo Financiero Santander México, S.A.B de C.V. (NYSE: BSMX; BMV: BSMX before SANMEX), ("Banco Santander México" or the "Bank"), today announced financial results for the three-month and twelve-month periods ending December 31st, 2018. Banco Santander México reported net income for 4Q18 of Ps.4,590 million, representing a YoY increase of 2.4% and a QoQ decrease of 9.9%. On a cumulative basis, net income for 12M18 reached Ps.19,584 million, representing an 11.0% YoY increase. HIGHLIGHTSResults (Million pesos)4Q183Q184Q17% QoQ% YoY12M1812M17% YoYNet interest income16,20315,79513,8472.617.061,40855,01511.6Fee and commission, net4,2304,2713,933(1.0)7.616,83215,6337.7Core revenues
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