Banco Santander México Reports Fourth Quarter 2020 Net Income of Ps.5,480 Million

PRNewswire

Feb 04, 2021

- Despite a small year-over-year contraction in the loan book, the bank maintained a solid performance in mortgage and auto loans, while consumer and commercial loans remained weak

- Individual demand deposits increased 23.6% YoY, supported by the loyalty and customer acquisition strategy

- Maintaining ample levels of liquidity and capital

- Profitability in 4Q20 remained resilient, but full-year impacted by reduced net income, precautionary provisions taken and excess capital

PR Newswire

MEXICO CITY, Feb. 3, 2021

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