- 48 Easy Pickin' Divvy Nifty 51 Stocks To Buy Now
May 5, 2023 · seekingalpha.com
On a whim, I queried YCharts for U.S. dividend stocks yielding greater than 5% annually and only pegged “attractive” in their Y-ratings (ranging from “not-rated” to “avoid,” “neutral”, or “attractive”.). My query produced this list of May Divvy Nifty 51 stocks; of which, 48 measure up to the dogcatcher ideal: dividend payouts, from $1k invested, greater than their single-share prices.
- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BSMX) Q1 2023 Earnings Call Transcript
Apr 29, 2023 · seekingalpha.com
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX ) Q1 2023 Earnings Conference Call April 27, 2023 12:00 PM ET Company Participants Hector Chavez - Managing Director and Head of Investor Relations Didier Mena - Vice President of Administration and Finance Conference Call Participants Nicolas Riva - Bank of America Merrill Lynch Operator Good day, everyone, and welcome to the Banco Santander Mexico's First Quarter 2023 Earnings Conference Call.
- Banco Santander México Reports First Quarter 2023 Net Income of Ps.7,626 Million
Apr 27, 2023
Total loans grew 5.2% YoY, with strong increase in individual loans, mainly due to double-digit growth in credit cards, payroll and auto loans. In terms of total deposits, we had solid growth of 14.6% YoY, driven by the good performance of term deposits, on the back of a higher interest rate environment. Meanwhile, contribution of individuals in total deposits represented 40.1%, compared with 24.2% in 2016. Net income increased 49.2% YoY, mainly due to the solid increase in NII and fees, despite increases in provisions and expenses. Thus, demonstrating that our strategy has significant potential in this current environment.
MEXICO CITY, April 26, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE: BSMX; BMV: BSMX), ("Banco Santander México" or "the Bank"), today announced financial results for the three-month period ending March 31st, 2023.
Banco Santander México reported net income of Ps.7,626 million in 1Q23, representing a YoY increase of 49.2% and a QoQ of 21.5%.
HIGHLIGHTS Results (Million pesos) 1Q23 4Q22 1Q22 %QoQ %YoY Net interest income 20,172 19,945 16,416 1.1 22.9 Fee and commission, net 5,290 5,118 4,876 3.4 8.5 Core revenues 25,462 25,063 21,292 1.6 19.6 Provisions for loan losses 4,512 4,712 3,874 (4.2) 16.5 Administrative and promotional expenses 10,352 12,310 9,475 (15.9) 9.3 Net income 7,626 6,277 5,111 21.5 49.2 Net income per share1 1.12 0.92 0.75 21.7 49.3 Balance Sheet Data (Million pesos) Mar-23 Dec-22 Mar-22 %QoQ %YoY Total assets 1,995,143 1,844,169 1,734,268 8.2 15.0 Total loans 810,655 810,081 770,440 0.1 5.2 Deposits 901,955 837,389 787,057 7.7 14.6 Shareholders´ equity 174,175 166,308 166,102 4.7 4.9 Key Ratios (%) 1Q23 4Q22 1Q22 bps QoQ bps YoY Net interest margin 5.26 5.28 4.59 (2) 67 Net loans to deposits ratio 87.59 94.39 94.99 (680) (740) ROAE 17.92 15.12 12.32 280 560 ROAA 1.59 1.44 1.21 15 38 Efficiency ratio 40.84 48.01 47.28 (717) (644) Capital ratio 22.06 19.38 20.21 268 185 NPLs ratio 1.96 1.88 2.79 8 (83) Cost of Risk 1.62 1.56 2.41 6 (79) Coverage ratio 146.29 145.82 114.63 47 — Operating Data Mar-23 Dec-22 Mar-22 %QoQ %YoY Branches 1,034 1,037 1,036 (0.3) (0.2) Branches and offices2 1,346 1,345 1,345 0.1 0.1 ATMs 9,781 9,689 9,522 0.9 2.7 Customers 20,282,987 20,238,104 19,032,490 0.2 6.6 Employees 26,461 25,990 25,342 1.8 4.4
1) Accumulated EPS, net of treasury shares (compensation plan) and discontinued operations. Calculated by using weighted number of shares. 2) Includes cash desks (espacios select, box select and corner select) and SMEs business centers. Excluding brokerage house offices.
Felipe García, Banco Santander México CEO, commented: "I am pleased to share with you that we started the year with very strong results, with a net income of Ps.7.6 billion pesos during 1Q23, slightly more than 49% compared to the same period of the previous year, demonstrating the good results of our strategy, as well as excellent and consistent risk management. Consequently, our ROE was 17.9%, 560 bp higher than the previous year.
Story continues
During the first quarter, total loans grew more than 5% year on year, with strong performance mainly in individual loans supported by double-digit growth in credit cards, payroll, and auto loans.
In terms of deposits, we had significant growth of 14.6% compared to 1Q22, mainly due to the good performance of term deposits, which grew close to 52% year-on-year, thanks to our strategy focused on increasing the deposit balance of our clients and attracting resources from the competition. However, our main opportunity continues to be increasing our share of individual demand deposits.
On the other hand, the asset quality of the portfolio remained at excellent levels despite the significant growth of individual loans. NPL ratio stood at 1.96%, improving 83 bps compared to 1Q22, while the cost of risk decreased 79 bps annually, to settle at 1.62%. These good results are due to the correct management of the portfolio carried out by the risk team, in coordination with all the bank's business units.
Looking ahead, we will continue advancing in our multiple growth initiatives, promoting the bank's transformation, digitization and simplifying our product offering and processes to offer the best experience to our customers."
I. 1Q23 Earnings Call Dial-In Information
Date: Thursday, April 27th, 2023 Time: 10:00 a.m. (MCT); 12:00 p.m. (US ET) Dial-in Numbers: 1-844-826-3035 US & Canada 1-412-317-5195 International & Mexico Access Code: Please ask for Santander México Earnings Call Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1610715&tp_key=3d1cf0b35d Replay: Starting: Thursday, April 27th, 2023 at 3:00 p.m. (US ET) Ending: Thursday, May 11th, 2023 at 11:59 p.m. (US ET) ET Dial-in number: 1-844-512-2921 US & Canada; 1-412-317-6671 International & Mexico Access Code: 10178174
ABOUT BANCO SANTANDER MÉXICO (NYSE: BSMX; BMV: BSMX)
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Banco Santander México), one of Mexico's leading banking institutions, provides a wide range of financial and related services, including retail and commercial banking, financial advisory and other related investment activities. Banco 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 March 31st, 2023, Banco Santander México had total assets of Ps.1,995 billion under Mexican Banking GAAP and more than 20.2 million customers. Headquartered in Mexico City, the Company operates 1,346 branches and offices nationwide and has a total of 26,461 employees.
www.santander.com.mx
LEGAL DISCLAIMER
Banco Santander México cautions that this presentation may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements could be found in various places throughout this presentation 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; financing plans; competition; impact of regulation and the interpretation thereof; action to modify or revoke our banking license; 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; investment in our information technology platform; 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, many important factors could cause actual results to differ substantially from those anticipated in forward-looking statements. These factors include, among other things: 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 México); 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 and tax laws; 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 allowance for impairment losses and other losses; increased default by borrowers; our inability to successfully and effectively integrate acquisitions or to evaluate risks arising from asset acquisitions; 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 or their interpretation; and certain other risk factors included in our annual report on Form 20-F. 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. The words "believe," "may," "will," "aim," "estimate," "continue," "anticipate," "intend," "expect," "forecast" and similar words are intended to identify forward-looking statements. You should not place undue reliance on such statements, which speak only as of the date they were made. We undertake no obligation to update publicly or to revise any forward-looking statements after we distribute this presentation because of new information, future events or other factors. In light of the risks and uncertainties described above, the future events and circumstances discussed herein might not occur and are not guarantees of future performance.
Note: The information contained in this presentation 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 millions of Mexican pesos, unless otherwise indicated. Historical figures are not adjusted by inflation. Cision
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SOURCE Banco Santander México, S.A.
- BANCO SANTANDER MÉXICO WILL REPORT 1Q23 RESULTS AFTER MARKET CLOSE ON APRIL 26, 2023
Apr 19, 2023
MEXICO CITY, April 19, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE: BSMX; BMV: BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced today that it will release its first quarter 2023 financial results after market close on Wednesday, April 26, 2023.
A conference call will be held on April 27, 2023 at 12:00 p.m. U.S. ET (10:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-844-826-3035 (U.S. & Canada) or 1-412-317-5195 (International) and ask for "Banco Santander México's Earnings Call".
A presentation will also be available for download from the company's IR site after market close on April 26, 2023. Additionally, a simultaneous webcast of the conference call will be available at
https://viavid.webcasts.com/starthere.jsp?ei=1610715&tp_key=3d1cf0b35d
A telephonic replay of the conference call will be available between 3:00 p.m. U.S. ET on April 27 and 11:59 p.m. U.S. ET on May 11, 2023. The replay can be accessed by dialing 1-844-512-2921 (U.S. & Canada) or for international & Mexico callers 1-412-317-6671. The access code for the replay is 10178174. The audio of the conference call will be archived on the company's website at www.santander.com.mx
ABOUT BANCO SANTANDER MÉXICO (NYSE: BSMX; BMV: BSMX) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Banco Santander México), one of Mexico's leading banking institutions, provides a wide range of financial and related services, including retail and commercial banking, financial advisory and other related investment activities. Banco 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, 2022, Banco Santander México had total assets of Ps.1,844 billion under Mexican Banking GAAP and more than 21.3 million customers. Headquartered in Mexico City, the Company operates 1,345 branches and offices nationwide and has a total of 25,990 employees.
Story continues Cision
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SOURCE Banco Santander México, S.A.
- 49 Ideal April Value Buys From Ben Graham
Apr 10, 2023 · seekingalpha.com
“Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria. Benjamin Graham followed.“ - YCharts Value Screener. 68 April Value Rank and Graham Formula results reflect established value-stock detection criteria. Of those, 49 met the dogcatcher ideal of dividends from $1K invested exceeding single share stock prices.
- 48 Ideal Ben Graham Gift Dogs: March Value Buys
Mar 14, 2023 · seekingalpha.com
“Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria. Benjamin Graham followed. “ - YCharts Value Screener. 68 March Value Rank and Graham Formula results reflect established value-stock detection criteria. Of those, 48 met the dogcatcher ideal of dividends from $1K invested exceeding single-share-stock-prices.
- 3 High-Yield Dividend Stocks That Are Probably Not On Your Radar
Mar 2, 2023 · marketbeat.com
A high dividend yield can be an attractive feature, as it's a way of gauging a stock's dividend payout relative to its price. Some of the highest yields can be found in oil-and-gas master limited partnerships and tanker companies, but you can also get high yields from many other sectors and industries.
- BANCO SANTANDER MÉXICO ANNOUNCES THE FILING OF ITS ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2022
Feb 28, 2023
MEXICO CITY, Feb. 28, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV: BSMX; NYSE: BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announces that its Annual Report on Form 20-F (the "20-F"), reporting its financial and operational data for 2022, was filed with the U.S. Securities and Exchange Commission, or the SEC, on February 28, 2023.
The Form 20-F can be accessed either by visiting the SEC's website at www.sec.gov or Santander Mexico's corporate website at www.santander.com.mx/ir. Any shareholder may receive a printed copy of the Form 20-F, which includes Santander Mexico's complete audited financial statements, free of charge by requesting a copy from Santander Mexico's Investor Relations Office at:
Avenida Prolongación Paseo de la Reforma 500
Colonia Lomas de Santa Fe Alcaldía Álvaro Obregón
01219 Mexico City Telephone: +(52) 55-5257-8000 Fax: +52 55-5269-2701
ABOUT BANCO SANTANDER MÉXICO (NYSE: BSMX; BMV: BSMX) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Banco Santander México), one of Mexico's leading banking institutions, provides a wide range of financial and related services, including retail and commercial banking, financial advisory and other related investment activities. Banco 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, 2022, Banco Santander México had total assets of Ps.1,844 billion under Mexican Banking GAAP and more than 21.3 million customers. Headquartered in Mexico City, the Company operates 1,345 branches and offices nationwide and has a total of 25,990 employees. Cision
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SOURCE Banco Santander México, S.A.
- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BSMX) Q4 2022 Earnings Call Transcript
Feb 3, 2023 · seekingalpha.com
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX ) Q4 2022 Earnings Conference Call February 3, 2023 10:00 AM ET Company Participants Hector Chavez - Managing Director and Head of Investor Relations Felipe García - Chief Executive Officer Didier Mena - Vice President of Administration and Finance Conference Call Participants Carlos Gomez-Lopez - HSBC Gilberto Garcia - Barclays Yuri Fernandes - JP Morgan Nicolas Riva - Bank of America Merrill Lynch Operator Good day, everyone, and welcome to Banco Santander Mexico's Fourth Quarter 2022 Earnings Conference Call.
- Banco Santander México Reports Fourth Quarter 2022 Net Income of Ps.6,277 Million
Feb 2, 2023
Strong YoY total loan portfolio growth, highlighting a solid increase in individual loans, mainly due to double-digit growth in credit cards, payroll and auto loans. While loan volumes in the commercial portfolio were driven by increases of middle-market companies and financial entities. Total deposits showed a pick-up of 6.9% YoY, driven by term deposits on the back of a higher interest rate environment, while demand deposits reflected the Bank's profitability focus. Meanwhile, contribution of individuals in total deposits represented 41.4%, compared with 24.2% in 2016. Net income increased 19.7% YoY in 4Q22, mainly due to the solid increase in NII and fees, along with lower expenses resulting from disciplined cost control.
MEXICO CITY, Feb. 2, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE: BSMX; BMV: BSMX), ("Banco Santander México" or "the Bank"), today announced financial results for the three-month and twelve-month periods ending December 31st, 2022.
Banco Santander México reported net income of Ps.6,277 million in 4Q22, representing a YoY increase of 19.7% and a QoQ decrease 23.3%. On a cumulative basis, net income for 12M22 reached Ps.26,476 million, representing a 46.4% YoY increase.
HIGHLIGHTS Results (Million pesos) 4Q22 3Q22 4Q21 %QoQ %YoY 12M22 12M21 %YoY Net interest income 19,945 18,370 16,046 8.6 24.3 72,008 63,085 14.1 Fee and commission, net 5,118 5,271 4,760 (2.9) 7.5 20,544 18,982 8.2 Core revenues 25,063 23,641 20,806 6.0 20.5 92,552 82,067 12.8 Provisions for loan losses 4,712 785 4,289 — 9.9 12,227 20,817 (41.3) Administrative and promotional expenses 12,310 10,400 12,636 18.4 (2.6) 42,313 43,235 (2.1) Net income 6,277 8,188 5,245 (23.3) 19.7 26,476 18,080 46.4 Net income per share1 0.93 1.21 0.77 (23.3) 19.6 3.90 2.66 46.4 Balance Sheet Data (Million pesos) Dec-22 Sep-22 Dec-21 %QoQ %YoY Dec-22 Dec-21 %YoY Total assets 1,844,169 1,932,290 1,639,652 (4.6) 12.5 1,844,170 1,639,652 12.5 Total loans 810,081 802,319 750,966 1.0 7.9 810,081 750,966 7.9 Deposits 837,389 765,555 783,118 9.4 6.9 837,389 783,118 6.9 Shareholders´ equity 166,308 159,284 165,894 4.4 0.2 166,308 165,894 0.2 Key Ratios (%) 4Q22 3Q22 4Q21 bps QoQ bps YoY 12M22 12M21 bps YoY Net interest margin 5.28 4.94 4.46 34 82 4.88 4.51 37 Net loans to deposits ratio 94.39 102.28 92.94 (789) 145 94.39 92.94 145 ROAE 15.12 20.14 12.92 (502) 220 15.94 11.13 481 ROAA 1.44 1.83 1.20 (39) 24 1.52 1.03 49 Efficiency ratio 48.01 46.28 56.00 173 (799) 47.09 50.39 (330) Capital ratio 19.38 18.90 21.56 48 (218) 19.38 21.56 (218) NPLs ratio 1.88 2.01 2.18 (13) — 1.88 2.18 — Cost of Risk 1.56 1.54 2.90 2 (134) 1.56 2.90 (134) Coverage ratio 145.82 133.58 141.38 1,224 — 145.82 141.38 — Operating Data Dec-22 Sep-22 Dec-21 %QoQ %YoY Dec-22 Dec-21 %YoY Branches 1,037 1,036 1,036 0.1 0.1 1,037 1,036 0.1 Branches and offices2 1,345 1,344 1,346 0.1 (0.1) 1,345 1,346 (0.1) ATMs 9,689 9,601 9,498 0.9 2.0 9,689 9,498 2.0 Customers 21,338,060 20,875,006 19,664,670 2.2 8.5 21,338,060 19,664,669 8.5 Employees 25,990 26,069 25,276 (0.3) 2.8 25,990 25,276 2.8
1) Accumulated EPS, net of treasury shares (compensation plan) and discontinued operations. Calculated by using weighted number of shares. 2) Includes cash desks (espacios select, box select and corner select) and SMEs business centers. Excluding brokerage house offices.
Felipe García, Banco Santander México Executive President and CEO, commented: "I am very pleased to share with you that we reported net income growth of 46% YoY and 24% higher than the pre-pandemic level in 2019.
During the fourth quarter, we maintained solid performance levels in our core businesses while maintaining excellent asset quality throughout the loan portfolio. Total loans grew almost 8% year on year, with strong performance across our entire loan book (except for SMEs). In individual loans, we had a solid increase compared to last year, mainly due to double-digit growth in credit cards, payroll, and auto loans.
In terms of deposits, we continue executing our strategy to attract and retain individual clients while letting go of some expensive corporate deposits. Also, it is worth noting that at the end of 2022, we achieved the greatest exposure to individual clients now contributing 41.4% of total deposits, a significant increase from 24.2% at the beginning of 2016. However, we are still far from where we want to be, so we will continue to focus on it until we are able to achieve a similar mix to what relevant peers have in the Mexican market.
Also, during 2022, we achieved first place ever in the Local Debt Capital Market, with 60 issuances and reaching a market share of ~25% equivalent to an amount of Ps.80 billion pesos, demonstrating the significant trust from our clients in our execution capabilities. Our goal is to offer the best customer experience in both, the advisory business and the retail business.
In terms of financial inclusion, we are very proud of our leadership in the region and the positive impact we have made on our customers through Tuiio. As of the end of 2022, we have helped more than 390 thousand low-income customers, to support inclusive growth through financial empowerment and education. Thanks to these loans, 65% of our clients have experienced improvements in their lives in personal and economic terms.
During 2023, we will continue advancing our strategic priorities, enhancing our products, digital offerings, distribution network, and, most importantly, the overall customer experience. Although we have made good progress with our bank's operational transformation, we are nevertheless mindful that we must step up the pace in working toward our goal of building a much stronger franchise and becoming the best banking option in Mexico."
4Q22 Earnings Call Dial-In Information
Date: Friday, February 3rd, 2022 Time: 09:00 a.m. (MCT); 10:00 a.m. (US ET) Dial-in Numbers: 1-877-407-4018 US & Canada 1-201-689-8471 International & Mexico Access Code: Please ask for Santander México Earnings Call Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1594162&tp_key=4d615e6eff Replay: Starting: Friday, February 3rd, 2022 at 1:00 p.m. (US ET) Ending: Friday, February 10th, 2022 at 11:59 p.m. (US ET) Dial-in number: 1-844-512-2921 US & Canada; 1-412-317-6671 International & Mexico Access Code: 13735674
ABOUT BANCO SANTANDER MÉXICO (NYSE: BSMX; BMV: BSMX)
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Banco Santander México), one of Mexico's leading banking institutions, provides a wide range of financial and related services, including retail and commercial banking, financial advisory and other related investment activities. Banco 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 31st, 2022, Banco Santander México had total assets of Ps.1,844 billion under Mexican Banking GAAP and more than 21.3 million customers. Headquartered in Mexico City, the Company operates 1,345 branches and offices nationwide and has a total of 25,990 employees.
www.santander.com.mx
LEGAL DISCLAIMER
Banco Santander México cautions that this presentation may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements could be found in various places throughout this presentation 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; financing plans; competition; impact of regulation and the interpretation thereof; action to modify or revoke our banking license; 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; investment in our information technology platform; 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, many important factors could cause actual results to differ substantially from those anticipated in forward-looking statements. These factors include, among other things: 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 México); 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 and tax laws; 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 allowance for impairment losses and other losses; increased default by borrowers; our inability to successfully and effectively integrate acquisitions or to evaluate risks arising from asset acquisitions; 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 or their interpretation; and certain other risk factors included in our annual report on Form 20-F. 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. The words "believe," "may," "will," "aim," "estimate," "continue," "anticipate," "intend," "expect," "forecast" and similar words are intended to identify forward-looking statements. You should not place undue reliance on such statements, which speak only as of the date they were made. We undertake no obligation to update publicly or to revise any forward-looking statements after we distribute this presentation because of new information, future events or other factors. In light of the risks and uncertainties described above, the future events and circumstances discussed herein might not occur and are not guarantees of future performance.
Note: The information contained in this presentation 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 millions of Mexican pesos, unless otherwise indicated. Historical figures are not adjusted by inflation. Cision
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SOURCE Banco Santander México, S.A.
