Santander, which operates one of the most major banks in Mexico, said Friday in a statement that th

Santander to buy GE Capital's business espaol prev bank in Mexico being the second largest mortgage lender nationally, the operation involves the acquisition of a portfolio of credits pt pos per 25,000 bp.
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The unit in Mexico's Banco Santander espaol acord buying mortgage business operations in the country of the firm GE Capital Mexico, in an operation involving assets of about 25,000 million pesos (about 2,000 million dollars).
Santander, which operates one of the most major banks in Mexico, said Friday in a statement that the acquisition will make it the second most important company of the country in terms of granting mortgage.
Cynthia Ros, a spokesman for General Electric in the country, told Reuters the operation involves pt pos the assets of GE Money, the unit that manages the portfolio of GE Capital Mortgage a caption in Mexico.
The president of operations restructuring of GE Capital, Mark Begor, mention in the statement that the sale is "consistent with our strategy to divest non estratgicos business", and claimed that Mexico "continues be an important market pt pos GE and GE Capital.
In July, the Colombian Grupo Aval acord buying 1,900 million dollars to the Central financial BAC-Credomatic, who was also in the hands of U.S. General Electric, and having massive financing business in Central America.
The espaol Santander bank warned on 28 October that not achieve pt pos its goal of annual earnings for the new rules to protect real estate assets, after presenting earnings to September in which Latin America compens again the weak market Local.
"This endowment of 472 billion (euros) for rule change to affect the outcome of the whole year, which fell below the estimation made in the shareholders' meeting of June," said the central bank in Madrid in his note of September results.
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