santander consumer USA

Santander Mexico

Banco Santander Announces It Will Not Meet Its Targets In Mexico

Banco Santander, the leading bank in Spain and the Eurozone, has warned of a slowdown in its business in North America. This is a region which accounts for 16% of group profits, thanks to the contribution from the United States (7%) and Mexico (9%). But the current pandemic led Santander Mexico to announce yesterday that it will not meet its 2020 targests, and that COVID19 will affect results at least until H1’21.