Grupo Financiero Santander Mexico, S.A.B. DE C.V. (Mexico)

Grupo Financiero Santander México, S.A.B. de C.V., incorporated on November 14, 1991, is a leading financial services holding company headquartered in Mexico City. It operates primarily through Banco Santander México, offering a broad portfolio of financial products and services including retail and commercial banking, investment advisory, securities brokerage, and specialized credit solutions. The company serves mid- to high-income individuals, SMEs, and large multinational corporations across Mexico. As of December 2024, it managed over 21.28 million clients, operated 1,326 branches nationwide, and employed 25,589 people. Santander México is majority-owned by Banco Santander S.A. of Spain, a global banking group. Its most recognized brands include Santander Universidades, Santander X, and Tuiio, the latter being a flagship financial inclusion initiative that has issued over 1.4 million microcredits, benefiting primarily women entrepreneurs. Historically, the group evolved from the acquisition of Grupo Financiero InverMexico in 1997, followed by mergers and rebranding phases that solidified its presence in the Mexican market. In 2024, Santander México reinforced its commitment to sustainability and inclusion, integrating ESG principles into 30% of its bond transactions and supporting over 579,600 students and entrepreneurs with more than MXN 172.9 million in funding.