In México, Santander Group has created a new company which, according to our laws, adopts the shape of an “Institución de Banca Múltiple”. This new company, named Banco S3 México, S.A. Institución de Banca Múltiple, acquired the securities and cash depositing, custody and administration business formerly owned by Banco Santander (México), S.A. and is currently operating the business autonomously and in compliance with all the applicable legal requirements.
Banco S3 Mexico is a banking entity focused on the provision of securities and cash Custody, Settlement and Administration services, as well as the collection of deposits, granting of credit, administration of accounts with the central securities depository and other ancillary services such as forex, securities lending, price recording at the Mexican stock exchange (Bolsa Mexicana de Valores) and settlement in Continuous Linked Settlement (CLS), all of them related to these activities and processed by a third party.
Banco S3 Mexico, which drew on the expertise of Banco Santander México, has its own banking systems and operating teams, an experienced management team and a corporate government fully compliant with the Mexican regulations.
State of the art platform allowing flexible solutions
“On the ground” teams with large knowledge and high expertise
Front to back organization: Business management and Operations alignment