Santander Mexico buys $300 mln of Scotiabank Mexico consumer loans
MEXICO CITY Nov 25 (Reuters) - Santander's Mexico arm has agreed to buy around 4.1 billion pesos ($299.78 million) worth of consumer loans from Scotiabank's Mexico unit , the company said on Tuesday.
Grupo Financiero Santander Mexico said that 97 percent of clients in the portfolio were in the "attractive" medium- to high-income category.
A spokesman for Santander Mexico said the bank did not disclose the terms of the deal.
(1 US dollar = 13.6765 Mexican peso) (Editing by Richard Chang)
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