During 2017, support for strategic sectors linked to the volume increase of non-oil exports in the country and the generation of foreign currency revenue, was emphasized. BANCOMEXT's funding of these sectors has led to job generation and preservation, as well as to the development of the country’s value chain, whose impact is reflected by the institution’s leading indicators, as detailed below.
An increase of 7% in the 1st tier private sector portfolio balance, from 168 billion pesos in 2016 to 180.5 billion pesos in 2017. The sectors that stood out during this period were: Tourism (15.1%), Industrial Infrastructure development (14.8%) and Energy (11.6%).
Contribution of the strategic sectors to the 1st Tier
Private Sector portfolio balance
(Millions of pesos)
At the end of 2017, financial support for first-tier resources was channeled for a total of 145.2 billion pesos, a 12.0% increase when compared to 129.6 billion pesos in 2016.
Contribution of the strategic sectors to the
Placement of Resources in 1st. tier
(Millions of pesos)
The strategic sectors that stood out in this period in the channeling of resources were: Transportation (27.0%), Automotive (9.1%) and Energy (7.8%).
The number of companies benefited in 2017 was 1,278, (490 companies directly supported and 787 indirectly). For their contribution to the number of directly benefited companies, Tourism (25%) and Industrial Infrastructure Development (20%) sectors stand out.
Contribution of strategic sectors to the 1st tier
private sector portfolio balance
(Number of companies)
At the end of 2017, the prospects portfolio (Pipeline) presented a 23.99% increase when compared to the previous year, from 104.6 billion pesos in 2016 to 129.7 billion pesos.
Pipe Line
2009-2017
(million pesos)
In May 2017, BANCOMEXT launched four new financial products, beginning with the comprehensive strategy of "Converting Liabilities from USD to MXN", aimed at current creditors and companies with debts in dollars, in order to support them in mitigating the exchange rate or interest rate impact effect on cash flow, thus ensuring the continuity of their operations. This strategy favored eight clients from various sectors with 7.5 billion pesos and 430 million dollars.
Likewise, with the intent of serving a new market segment, specifically the modernization of the country’s hotel infrastructure and a more extensive credit offer for medium and large hotel chains, ranging from four stars to grand tourism, the "Improve your Business Hotel" program is underway, to support the tourism sector in its growth and in meeting its needs for expansion, remodeling, and equipment.
Additionally, the product Complementary Infrastructure for Foreign Trade was introduced, replicating the "Development of Industrial Infrastructure" funding model for construction or remodeling of corporate buildings and complementary services within industrial
parks, industrial zones, ports and customs, as well as BtS (Built to Suit) projects for companies involved in foreign trade activities and for foreign investors that carry out their corporate activities in Mexico. At the end of 2017, a credit line operating under the Club Deal plan was authorized to finance the construction of a property in support of the complementary industrial activities of an industrial park located in Silao, Guanajuato, for a total amount of 220.5 million pesos. There is also a prospect for 15 million dollars.
Another of the products designed for the business community (medium and large companies) was the CAPEX financing strategy for purchasing machinery and equipment, assisting production lines, expanding industrial buildings and their equipment, seeking to use the Export Credit Agency (ECA) guarantee on imported equipment, reducing risks for both BANCOMEXT and the clients. At the end of 2017, a 9.7 million dollars loan was authorized for the purchase of machinery, equipment, molds, and tools from a Korean company, a certified supplier of General Motors, located in San Luis Potosí. There are also three additional prospects for 180 million pesos.