Mexico · Financial institution
Banco Santander Mexico, S.A., Institucion de Banca Multiple,
Legal name in the LEI recordBanco Santander México S.A., Institución De Banca Múltiple, Grupo Financiero Santander México
Banco Santander México is a Mexican multiple banking institution (institución de banca múltiple) with its head office in Mexico City. It is part of the Santander group. Grupo Financiero Santander México holds 74.97% of its share capital and Banco Santander, S.A. of Spain holds 24.93% directly. It offers retail, SME, corporate and investment banking, and it says it also serves multinational companies operating in Mexico. After tender offers by Banco Santander, S.A. in 2023, the National Banking and Securities Commission (CNBV) cancelled the registration of its shares on 12 May 2023.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
FSB · global systemically important banks
2025 list
- G-SIB
- Santander
- Relation
- In a G-SIB groupGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
- Bucket
- 1 of 5 · extra capital buffer 1.0% of risk-weighted assets
- On the list since
- 2011
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- BMSXMXMMXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under BMSXMXMM directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 2 branch codes
- BIC first registered
- 1981-11-29
- Last updated
- 2024-07-08
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
74.97% Grupo Financiero Santander México, S.A. de C.V.
Institution type
Universal bank
Trades as Santander México
- Ownership
- Grupo Financiero Santander México holds 74.97% and Banco Santander, S.A. holds 24.93% directly, with minority shareholders and treasury shares holding the remaining 0.1%.
- Direct parent
- Grupo Financiero Santander México, S.A. de C.V., Mexico 74.97%
- Ultimate owner
- Banco Santander, S.A., Spain
- Major shareholder
- Banco Santander S.A. 24.93%
- Head office
- Avenida Prolongación Paseo de la Reforma 500, Colonia Lomas de Santa Fe, Alcaldía Álvaro Obregón, 01219 Ciudad de México, Mexico
- Name in the local language
- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
- Former names
- Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México · Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander · Banco Santander, S.A., Institución de Banca Múltiple, Grupo Financiero Santander · Banco Santander Serfin, S.A., Institución de Banca Múltiple, Grupo Financiero Santander Serfin
Business lines
According to its own description, the bank serves middle- and upper-income individuals and small and medium-sized enterprises, and offers integrated services to multinational companies in Mexico.
Online
- Websites & references
- santander.com.mx ↗
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 14 pages consulted
- santander.com.mx/
- santander.com.mx/ir/widgets/equipo/desktop.html
- santander.com.mx/ir/widgets/consejo/mobile.html
- santander.com.mx/ir/ingles/widgets/estructura-accionaria/desktop.html
- santander.com.mx/ir/widgets/home/desk.html
- santander.com.mx/ceb/2026/santander-mexico-y-el-centro-de-competitividad-mexico-unen-capacidades-para-acer
- santander.com.mx/ceb/2026/comunicado-resultados-santander-1T26.html
- bmv.com.mx/docs-pub/eventemi/eventemi_1281501_1.pdf
- santander.com/content/dam/santander-com/es/documentos/otra-informacion-relevante/2023/04/hr-2023-04-11-
- sanciones.cnbv.gob.mx/Detail/56339/0
- jornada.com.mx/noticia/2024/10/15/economia/cnbv-multa-con-7-mdp-a-banorte-y-santander-187
- jornada.com.mx/noticia/2025/01/15/economia/multa-la-cnbv-a-7-bancos-por-mas-de-26-5-mdp-667
- axisnegocios.com/breves.phtml?id=145250
- es.wikipedia.org/wiki/Banco_Santander_(M%C3%A9xico)
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Felipe Francisco García Ascencio Director General (also Consejero Propietario, Series F)
- Chair
- Laura Renee Diez Barroso Azcárraga Presidenta del Consejo de Administración (Independiente)
- Chief financial officer
- Silvina Criado DGA Chief Financial Officer
- Executive
- Ricardo Alonso Fernández Director General Adjunto Riesgos
- Executive
- Fernando Borja Mujica Director General Adjunto Jurídico; Secretario del Consejo
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Mexico
- National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, CNBV) Prudential supervisorAML supervisorSecurities
- Mexico
- Bank of Mexico (Banco de México) Central bank
- Mexico
- National Commission for the Protection and Defence of Users of Financial Services (CONDUSEF) Conduct
Recent events 3 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Leadership
The bank appointed Héctor Carrera Riva Palacio Deputy Director General of Technology and Operations from 16 January 2026, replacing Ricardo Bartel Jeffery.
axisnegocios.com ↗ -
Enforcement
The CNBV published fines of MXN 2,606,400 for 2020 capital requirement breaches and MXN 1,132,350 for 2019 risk-management failings.
jornada.com.mx ↗ -
Enforcement
The CNBV fined the bank MXN 253,470 for failing to provide information or documentation within the required deadline in 2019.
sanciones.cnbv.gob.mx ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- BMSXMXMMXXX
- How the BIC breaks down
- BMSXBank
- MXCountry · Mexico
- MMLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- SCRYQ25DTVRHYYMM6P89
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Mexico · Latin America & Caribbean
- FSB G-SIB list
- In a G-SIB group · Santander list of 2025
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Ultimate parent
- Banco Santander S.A. · Spain5493006QMFDDMYWIAM13 ↗
- FSB G-SIB list
- In a G-SIB group · Santander bucket 1 · 2025 listGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
The Banco Santander S.A. group has 97 institutions in the directory, in 36 countries: 88 hold a BIC and 9 do not.
Including Banco Santander S.A, Banco Santander Totta, SA, Banco Santander S.A, Banco Santander S.A, Banco Santander S.A. (France).
See the Banco Santander S.A. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- GRUPO FINANCIERO SANTANDER MEXICO PROL. PASEO DE LA REFORMA 500 SANTA FE, MEXICO 01219 MEXICO
- Operational address
- EDIFICIO CORPORATIVO SANTA FE MODULO 112 PROL. PASEO DE LA REFORMA 500 COL. LOMAS DE SANTA FE MEXICO 01219 MEXICO MEXICO
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>BMSXMXMMXXX</BICFI>
<LEI>SCRYQ25DTVRHYYMM6P89</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>BMSXMXMMXXX</BICFI>
<LEI>SCRYQ25DTVRHYYMM6P89</LEI>
<Nm>BANCO SANTANDER MEXICO, S.A., INSTITUCION DE BANCA MULTIPLE,</Nm>
<PstlAdr>
<TwnNm>MEXICO</TwnNm>
<Ctry>MX</Ctry>
<AdrLine>GRUPO FINANCIERO SANTANDER MEXICO PROL. PASEO DE LA REFORMA 500 SANTA</AdrLine>
<AdrLine>FE, MEXICO 01219</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
All 2 branch BICs connect to the head office. They are all in Mexico, and no function or registration year splits them further. 5 other banks publish 5 accounts held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
5 other banks publish 5 accounts held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| MXN | Banca Monte Dei Paschi di Siena Italy | BMSXMXMM | 014180000000025674 | commercial transactions; same account listed for MM and FX | gruppomps.it ↗ dated Nov 2022 |
| MXN | Banco Santander (Brasil) S.A. Brazil | BMSXMXMMXXX | — | Receipt of international payment orders | cms.santander.com.br ↗ dated Apr 2019 |
| MXN | Jyske Bank A/S Denmark | BMSXMXMM | 2457 | FX, money market, derivatives and banknote settlement | jyskebank.com ↗ |
| MXN | Raiffeisen Bank International AG Austria | BMSXMXMM | 014180000000024992 | commercial payments | rbinternational.com ↗ |
| MXN | Santander UK PLC United Kingdom | BMSXMXMMSSS | A/c: 1013331; Clabe A/c: 014180000010133310 | cash settlement (SSI) | santander.co.uk ↗ dated 21 Jun 2022 |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| BMSXMXMMLMS | GLOBAL CASH MTL | Mexico | EDIFICIO CORPORATIVO SANTA FE MODULO 112 PROL. PASEO DE LA REFORMA 500 COL. LOMAS DE SANTA FE MEXICO 01219 MEXICO MEXICO | — | 2024-10-26 |
| BMSXMXMMSSS | SECURITIES SERVICES | Mexico | MEXICO MEXICO MEXICO | — | 2024-07-08 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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