MEXICO CITY, Sept. 24, 2015 /PRNewswire/ -- Grupo
Financiero Santander Mexico, S.A.B. de C.V. (BMV: SANMEX; NYSE:
BSMX) ("Grupo Santander Mexico" or the "Group") makes available
to its analysts and investors, the presentation published by its
parent Banco Santander, S.A. on the occasion of the "2015 Investor
Day" event held on September the 23rd and 24th in the city of
London, England.
The presentation released by Banco Santander, S.A. contains
financial information and certain targets for selected Group and
Banco Santander (Mexico), S.A.
Institucion de Banca Multiple, Grupo Financiero Santander Mexico
(the "Bank") indicators in 2018, based on assumptions believed by
the Group's management to be reasonable. However, it must be noted
that the financial figures in the presentation are presented under
accounting principles that differ from Mexican Banking GAAP. For
example, cost of risk under Mexican Banking GAAP is not calculated
net of recoveries and therefore would be higher if presented under
Mexican Banking GAAP. In addition, Mexican Banking GAAP requires
inclusion of IPAB contributions as part of expenses, which impacts
the efficiency ratio as calculated under Mexican Banking GAAP.
Therefore, these financial figures and other financial figures
included in the presentation are not entirely comparable to those
published by the Group in its annual report on Form 20-F under IFRS
or the financials published locally in Mexico by the Group and the Bank under Mexican
Banking GAAP. Neither the Group nor the Bank has published any
forecast of similar figures in IFRS or Mexican Banking GAAP.
About Grupo Financiero Santander Mexico
Grupo Financiero Santander Mexico, S.A.B. de C.V. (Santander
Mexico), one of Mexico's leading
financial services holding companies, provides a wide range of
financial and related services, including retail and commercial
banking, securities brokerage, financial advisory and other related
investment activities. Santander Mexico offers a multichannel
financial services platform focused on mid- to high-income
individuals and small- to medium-sized enterprises, while also
providing integrated financial services to larger multinational
companies in Mexico. As of
June 30, 2015, Santander Mexico had
total assets of Ps.1,065 billion under Mexican Banking GAAP and
more than 12 million customers. Headquartered in Mexico City, the Company operates 1,078
branches and 278 offices nationwide and has a total of 16,768
employees.
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SOURCE Grupo Financiero Santander Mexico, S.A.B. de C.V.