MEXICO CITY, Jan. 29, 2016 /PRNewswire/ -- Grupo
Financiero Santander México, S.A.B. de C.V., (NYSE: BSMX; BMV:
SANMEX), ("Santander México"), one of the leading financial
groups in Mexico, today announced
financial results for the three- and twelve-month periods ending
December 31, 2015.
Santander México reported net income for 4Q15 of Ps.4,224
million, representing YoY and QoQ increases of 10.5% and 21.9%,
respectively. For 12M15, net income amounted to Ps.14,141 million,
reflecting a 0.9% increase from 12M14.
HIGHLIGHTS
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|
|
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Income Statement
Data
|
4Q15
|
3Q15
|
4Q14
|
|
%
YoY
|
%
QoQ
|
Net interest
income
|
11,431
|
10,810
|
9,799
|
|
16.7
|
5.7
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Fee and commission,
net
|
3,777
|
3,686
|
3,364
|
|
12.3
|
2.5
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Core
revenues
|
15,208
|
14,496
|
13,163
|
|
15.5
|
4.9
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Provisions for loan
losses
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4,424
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4,594
|
3,334
|
|
32.7
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(3.7)
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Administrative and
promotional expenses
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6,437
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6,426
|
6,059
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6.2
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0.2
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Net income
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4,224
|
3,464
|
3,824
|
|
10.5
|
21.9
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Net income per
share1
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2.08
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1.46
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2.07
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0.5
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42.5
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Balance Sheet
Data
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4Q15
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3Q15
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4Q14
|
|
%
YoY
|
%
QoQ
|
Total
assets
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1,184,857
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1,182,882
|
937,384
|
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26.4
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0.2
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Total
loans
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547,745
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526,037
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465,541
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17.7
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4.1
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Deposits
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516,432
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492,713
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459,624
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12.4
|
4.8
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Shareholders'
equity
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113,549
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112,589
|
105,384
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7.7
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0.9
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|
|
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Key
Ratios
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4Q15
|
3Q15
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4Q14
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|
bps
YoY
|
bps
QoQ
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Net interest
margin
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4.9%
|
4.9%
|
4.9%
|
|
2.7
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(1.6)
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Net loans to deposits
ratio
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102.2%
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102.8%
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97.6%
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464.1
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(58.3)
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ROAE2
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12.9%
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12.1%
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14.0%
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(109.0)
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78.6
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ROAA
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1.3%
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1.2%
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1.6%
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(26.0)
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8.5
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Efficiency
ratio
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42.0%
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42.9%
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43.0%
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(100.2)
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(87.8)
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Capital
ratio
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15.6%
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15.4%
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16.2%
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(56.8)
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17.0
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NPLs ratio
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3.3%
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3.5%
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3.7%
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(41.8)
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(15.7)
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Cost of
Risk
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3.4%
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3.4%
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3.3%
|
|
8.2
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(4.4)
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Coverage
ratio
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108.2%
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105.8%
|
97.1%
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1,108.0
|
240.0
|
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Operating
Data
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4Q15
|
3Q15
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4Q14
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%
YoY
|
%
QoQ
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Branches and
offices3
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1,377
|
1,374
|
1,346
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|
2.3
|
0.2
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ATMs
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5,989
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5,875
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5,528
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8.3
|
1.9
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Customers
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12,502,204
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12,327,031
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11,742,797
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|
6.5
|
1.4
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Employees
|
17,205
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17,068
|
16,428
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|
4.7
|
0.8
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1) Accumulated EPS,
net of treasury shares (compensation plan) and discontinued
operations. Calculated by using weighted shares.
|
2) ROAE as
reported
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3) As of 4Q15
includes: 1,079 branches (including 120 branches with Select
service) + 18 SME offices + 7 SME branches + 119 cash desks
(including 1 cash desk with Select service) + 11 Select offices +
45 Select units + 57 Select boxes + 18 Select corner + 23 brokerage
house branches
|
Héctor Grisi, Grupo Financiero Santander México's Executive
President and CEO, commented, "Our fourth
quarter 2015 results reflect the many strengths and opportunities
we see at Santander México. Total loans grew by 18% year-on-year,
exceeding market growth, while we achieved even stronger
performance in consumer loans, a clear reflection of the strength
of our franchise. We hold leading market shares in core segments -
SMEs, middle-market and mortgages, as well as solid positions in
consumer banking and credit cards. Our heightened focus on
individuals also allowed us to achieve a significant increase in
retail deposit growth, although we maintain more ambitious targets
for our long term share in this segment."
"Despite our achievements, key profitability metrics remain
below our desired levels. Since joining in December, I have been
working closely with our leadership team on a thorough assessment
of Santander México's operations. The bank has identified its key
challenges, and we are already implementing initiatives that will
enable us to attract new clients and increase customer loyalty in
our retail banking operations. Our goal is to be our customers'
primary bank and for this we need to become a client-centric
franchise."
"While Mexico has a growing economy and favorable market
dynamics, like all banks, capital is becoming a scarce and
increasingly costly resource. In this context, our mandate is
clear: to improve profitability. At Santander México, we are
uniquely positioned to better realize the strong potential of our
investment and corporate banking business, creating additional
synergies with our retail operation."
"I am excited by the opportunities ahead, and confident that
the operational transformation of our retail and corporate banking
franchise, will ensure we achieve profitable, sustainable growth
for customers and shareholders. I am fully committed to maintaining
our focus on profitability, and look forward to updating you on our
progress," Mr. Grisi said.
To obtain the full text of this earnings report and the 4Q15
earnings presentation, please click on the following link:
http://www.santander.com.mx/ir/english/financial/quarterly.html
4Q15 EARNINGS CALL DIAL-IN INFORMATION
Date:
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Friday, January 29,
2016
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|
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Time:
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8:00 AM (MCT); 9:00
AM (US ET)
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Dial-in
Numbers:
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1-888-215-6982 US
& Canada; 1-913-312-0845 International & Mexico
|
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Access
Code:
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4402274
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Webcast:
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http://public.viavid.com/index.php?id=117826
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|
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Replay:
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Friday, January 29,
2016 at 12:00 pm US ET, and Friday, February 5, 2016 at 11:59 pm
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|
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US ET Dial-in
number:
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1-877-870-5176 US
& Canada; 1-858-384-5517 International & Mexico Access
Code: 4402274
|
ABOUT GRUPO FINANCIERO SANTANDER MÉXICO, S.A.B. DE C.V. (NYSE: BSMX; BMV: SANMEX)
Grupo Financiero Santander México, S.A.B. de C.V. (Santander
México), 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 México 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
December 31, 2015, Santander México
had total assets of Ps.1,185 billion under Mexican Banking GAAP and
more than 12 million customers. Headquartered in Mexico City, the Company operates 1,079
branches and 298 offices nationwide and has a total of 17,205
employees.
LEGAL DISCLAIMER
Grupo Financiero Santander México
cautions that this report may contain forward-looking statements
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements may be found in
various places throughout this report and include, without
limitation, statements regarding our intent, belief, targets or
current expectations in connection with: asset growth and sources
of funding; growth of our fee-based business; expansion of our
distribution network; our focus on strategic businesses; our
compound annual growth rate; our risk, efficiency and profitability
targets; financing plans; competition; impact of regulation;
exposure to market risks including interest rate risk, foreign
exchange risk and equity price risk; exposure to credit risks
including credit default risk and settlement risk; projected
capital expenditures; capitalization requirements and level of
reserves; liquidity; trends affecting the economy generally; and
trends affecting our financial condition and our results of
operations. While these forward-looking statements represent our
judgment and future expectations concerning the development of our
business, a number of risks, uncertainties and other important
factors could cause actual developments and results to differ
materially from our expectations. These factors include, but are
not limited to: changes in capital markets in general that may
affect policies or attitudes towards lending to Mexico or Mexican companies; changes in
economic conditions, in Mexico in
particular, in the United States
or globally; the monetary, foreign exchange and interest rate
policies of the Mexican Central Bank (Banco de Mexico); inflation; deflation; unemployment;
unanticipated turbulence in interest rates; movements in foreign
exchange rates; movements in equity prices or other rates or
prices; changes in Mexican and foreign policies, legislation and
regulations; changes in requirements to make contributions to, for
the receipt of support from programs organized by or requiring
deposits to be made or assessments observed or imposed by, the
Mexican government; changes in taxes; competition, changes in
competition and pricing environments; our inability to hedge
certain risks economically; economic conditions that affect
consumer spending and the ability of customers to comply with
obligations; the adequacy of allowances for loans and other losses;
increased default by borrowers; technological changes; changes in
consumer spending and saving habits; increased costs; unanticipated
increases in financing and other costs or the inability to obtain
additional debt or equity financing on attractive terms; changes
in, or failure to comply with, banking regulations; and certain
other factors indicated in our annual report20F. The risk
factors and other key factors that we have indicated in our past
and future filings and reports, including those with the U.S.
Securities and Exchange Commission, could adversely affect our
business and financial performance.
Note: The information contained in this report is not audited.
Nevertheless, the consolidated accounts are prepared on the basis
of the accounting principles and regulations prescribed by the
Mexican National Banking and Securities Commission (Comisión
Nacional Bancaria y de Valores) for credit institutions, as amended
(Mexican Banking GAAP). All figures presented are in nominal terms.
Historical figures are not adjusted for inflation.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/grupo-financiero-santander-mexico-reports-fourth-quarter-2015-loan-portfolio-up-177-yoy-and-net-income-of-ps4224-million-300212083.html
SOURCE Grupo Financiero Santander Mexico, S.A.B. de C.V.