The total number of shares outstanding is 6,786,994,357, of which 3,322,685,212 are series B shares and 3,464,309,145 are series F shares.

8.35% of Santander México capital stock is floated, corresponding to 567,024,681 series B shares. Meanwhile 74.96% and 16.68% is owned by Grupo Financiero Santander México and Banco Santander España respectively. For further detail please review our Ownership Structure section.

Our ordinary Series B shares trade on the Mexican Stock Exchange with the ticket “BSMX” and our ADS trade on the New York Stock Exchange with the ticker “BSMX”.

Each ADS represents five shares of Series B common stock of Grupo Financiero Santander Mexico, S.A. B. de C.V. and is represented by American Depositary Receipts, or ADRs.

Santander México´s activities are divided in three business segments:

• The Retail Banking segment encompasses the entire commercial banking and asset management business. Our Retail Banking segment‘s activities include products and services for individuals, private banking clients, SMEs, middle-market, corporations and government institutions.
• The Global Corporate Banking segment reflects the returns on the corporate banking business, including managed treasury departments and the equities business. Our Global Corporate Banking segment provides comprehensive products and services relating to finance, guarantees, mergers and acquisitions, equity and fixed income, structured finance, international trade finance, cash management services, collection services and e-banking, including structured loans, syndicated loans, acquisition financing and financing of investment plans, among others.
• The Corporate Activities segment is comprised of all operational and administrative activities that are not assigned to a specific segment or product mentioned above. The Corporate Activities segment includes the financial management division, which manages structural financial risks arising from our commercial activities, mainly liquidity risk and interest rate risk, provides short- and long-term funding for our lending activities and calculates and controls transfer prices for loans and deposits in local and foreign currencies. The financial management division also oversees the use of our resources in compliance with internal and regulatory limits regarding liquidity and regulatory capital requirements.

We believe that being an affiliate of the Santander Group offers us significant competitive advantages, such as:

• Benefit from the Santander Group‘s operational expertise in areas such as internal control and risk management;
• Strengthen our internal auditing function and, as a result of the addition of an internal auditing department that reports concurrently and directly to our Audit Committee and the audit committee of Santander Group, making it more independent from management;
• Enhance our ability to manage credit and market risks through the adoption of policies and know-how developed by Santander Group;
• Leverage the Santander Group‘s latest-generation, customer-centered, global information technology platform;
• Utilize the Santander Group‘s management training and development;
• Access the Santander Group‘s multinational client base and benefit from the Santander Group‘s global presence, particularly in Latin America;
• Support our large Mexican corporate customers in the internationalization of their businesses, through trade
• financing, international capital markets access, structured finance and syndicated loans, as well as transactional banking services;
• Benefit from selectively borrowing from Santander Group‘s product offerings in other countries as well as from their know-how in systems management;
• Replicate or adapt in Mexico the Santander Group‘s successful product offerings and best practices from other countries; and
• Benefit from the Santander Group‘s overall market presence and market campaigns such as the Formula 1sponsorship.

We totally comply with best practices of publicly listed companies and CNBV recommendations. We have strong corporate governance in place to fulfill compliance and regulatory requirements.

• At least 25% of the members of our Board of Directors our Board of Directors must be independent.
• Active participation of board members in main committees.
• Autonomous internal auditing area.
• Periodic rotation of the independent registered public accounting firm.
• Creation of a Corporate Practices, Nominating and Compensation Committee (Comité de Prácticas Societarias, Nominaciones y Compensaciones) in charge of, among other things, advice the Board of Directors on policies for loans and other transactions with related parties.