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Grupo Financiero Santander Mexico, S.A.B. de C.V., through its subsidiaries, provides a range of financial services to individuals, private banking clients, small and medium-sized enterprises, government institutions, and corporate and institutional customers primarily in Mexico. It operates through Retail Banking and Global Corporate Banking segments. The company offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposit; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services. It is also involved in corporate lending activities, such as corporate and working capital financing; and foreign trade financing, as well as the provision of cash management, securities brokerage, and Internet and mobile banking services. In addition, the company offers origination and distribution units for structured credit and debt products, debt capital markets, project finance, and asset and capital structuring; and equity custodial and related services, which include equity derivatives, exchange-traded derivatives, cash equities, and equity research; and treasury trading services. As of December 31, 2015, it had 1,354 offices and 5,989 ATMs in Mexico. The company was formerly known as Grupo Financiero Santander, S.A.B. de C.V. and changed its name to Grupo Financiero Santander Mexico, S.A.B. de C.V. in August 2012. The company was founded in 1991 and is headquartered in Mexico City, Mexico. Grupo Financiero Santander Mexico, S.A.B. de C.V. (BMV:SANMEX B) operates as a subsidiary of Banco Santander, S.A.
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