Banco Santander México Reports Fourth Quarter 2019 Net Income of Ps.4,916 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, 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 and twelve-month periods ending December 31st, 2019. Banco Santander México reported net income of Ps.4,916 million in 4Q19, representing a YoY increase of 7.1% and a QoQ decrease of 10.9%. On a cumulative basis, net income for 12M19 reached Ps.21,332 million, representing a 8.9% YoY increase. HIGHLIGHTSResults (Million pesos)4Q193Q194Q18%QoQ%YoY12M1912M18%YoYNet interest income16,72716,58916,2030.83.266,35361,4088.1Fee and commission, net4,3254,5804,230(5.6)2.218,02816,832
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