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May 04, 2015 1:47 PM ET

Banks

Company Overview of Banco Ve por Más, S.A., Institución de Banca Múltiple, Grupo Financiero Ve por Más

Company Overview

Banco Ve por Más, S.A. Institución de Banca Múltiple, Grupo Financiero Ve por Más provides various banking products and services in Mexico. It accepts deposits; and issues loans and credits, as well as engages in the securities and other multiple banking operations. The company was founded in 1995 and is headquartered in Mexico City, Mexico. Banco Ve por Más, S.A. Institución de Banca Múltiple, Grupo Financiero Ve por Más is a subsidiary of Grupo Financiero Ve por Mas SA de CV.

Av. Paseo de la Reforma, No. 365

Col. Cuauhtemoc

Mexico City, DF 06500

Mexico

Founded in 1995

Phone:

52 1 1102 1800

Key Executives for Banco Ve por Más, S.A., Institución de Banca Múltiple, Grupo Financiero Ve por Más

Compensation as of Fiscal Year 2014.

Banco Ve por Más, S.A., Institución de Banca Múltiple, Grupo Financiero Ve por Más Key Developments

HSBC Is Reportedly In Talks To Sell Assets In Latin America

HSBC Holdings plc (LSE:HSBA) is negotiating with sector players such as The Bank of Nova Scotia (TSX:BNS) (Scotiabank) and Banco Ve por Más, S.A., Institución de Banca Múltiple, Grupo Financiero Ve por Más (BX+) to sell its assets in Latin America, including the units in Brazil and Mexico, Mexican daily El Financiero reported on April 8, 2015, citing sources close to the matter. The talks between HSBC and BX+ have been delayed due to the high value of HSBC's Mexican business, while a potential deal with Scotiabank in Brazil has been postponed due to the latter's reluctance to pay a high price, according to the unnamed sources. HSBC's Chief Executive Officer, Stuart Gulliver, is under pressure to divest the assets in order to meet the group's growing capital needs, El Financiero said. When contacted by El Financiero, Lyssette Bravo, head of public relations at HSBC Mexico and Latin America, said that the bank would not comment on speculation, reported SeeNews.

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To contact Banco Ve por Más, S.A., Institución de Banca Múltiple, Grupo Financiero Ve por Más, please visit www.vepormas.com.mx. Company data is provided by Capital IQ. Please use this form to report any data issues.

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