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Home > Company Index > Banking > Banking - Latin America, Middle East & Africa > Grupo Financiero Serfin, S.A. de C.V.

Grupo Financiero Serfin, S.A. de C.V.
OTC: GFLIY
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 PROFILE
Grupo Financiero Serfin got caught in the wave of Spanish bank takeovers in Latin America. A subsidiary of Banco Santander Central Hispano (BSCH), Serfin is Mexico's oldest (founded in 1864) and one of its largest banks, alongside Grupo Financiero Banamex-Accival (Banamex) and Grupo Financiero BBVA-Bancomer (Bancomer). Serfin offers consumer and business banking and lending through some 570 branches across Mexico. The bank also offers property/casualty and life insurance and private banking, custody, and brokerage services. BSCH has announced Serfin will operate separately from its existing Mexican subsidiary, Grupo Financiero Santander Mexicano (Banco Mexicano), although the two are expected to merge eventually.

 COMPETITION
Grupo Financiero BBVA Bancomer, S.A. de C.V. (dossier)
Grupo Financiero Banamex-Accival, S.A. de C.V. (BANACCI)
Grupo Financiero Banorte, S.A. de C.V. (GFNORTE)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 1,658.30
Employees: 7,848
Revenue per employee: $211,302.24

 KEY PEOPLE
• Adolfo Lagos Espinosa
    CEO
• Carlos Gonzales
    CFO

 CONTACT INFO
Prolongacion Paseo de la Reforma 500
01219 Mexico, D.F., Mexico
Phone: 52-5-257-8000
Fax: 52-5-257-8222
Online: Web Site

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