Pemex Signs With Santander for Banking Services

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(Pemex, 28.Jul.2015) – Pemex and Banco Santander signed a collaboration agreement to provide credit and banking services to gas stations comprising the network of service stations nationwide.

The agreement will provide Pemex franchisees access to banking services as Point of Sale (POS) systems, referenced deposits, electronic banking, payroll, transfer and management of securities.

Pemex, through the Commercial Managing Direction of Refining, has been working with the national banking system to join forces in the new context derived from the Energy Reform; and, specifically, in the field of banking services in support of the station network of franchised services.

In that sense, a central element in the new competitive environment is the possibility of partnerships with other companies, in this case of the national banking sector, in which all parties win.

Thus, this agreement is one of the efforts of partnership between Pemex and the national banking system, which resulted in the signing of the first agreement of collaboration with financial institutions that will be beneficial to more than 11 thousand service stations and will be extended to other banks.

Consequently, Santander becomes a strategic partner for gas stations, with banking products specially designed to meet their needs, stated Chief Executive of Grupo Financiero Santander México, Marcos Martínez Gavica, who mentioned that these financial schemes will boost entrepreneurs in the industry.

He stressed that to be able to meet the credit needs of Pemex franchisees, there is a starting fund of 20 bln pesos, which adds to the resources of more than 130 bln pesos announced by this financial group to support investment projects related to the structural reforms that are being implemented in the country.

Likewise, credit letters will be offered to entrepreneurs to ensure fuel supply to Pemex.

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