2019 Anual Report

Credit risk

In December 2019, the total portfolio raised to $268,619 with balance due of $2,331 million pesos, a late payment rate of 0.87% and a coverage of past-due portfolio of 1.77 times. The total portfolio presented a decrease of 2.6% ($7,088 million pesos) in contrast with 2018, derived mainly by a decrease of 15.2% ($6,841 million pesos) in the contingent portfolio. On the other hand, the past-due portfolio had a decrease of 54.3% ($2,766 million pesos) derived mainly from the transfer of M&G Group ($3,649 million pesos) to portfolio B6, so the late-payment changed from 1.85% to o.87%.

Likewise, a follow up of risk of the private sector portfolio, making projections every three months of the credit VaR, also for the expected and unexpected loss, the percentage of preventive reserves and the concentration indicators.

As far as the guarantee portfolio concerns, in December 2019 the balance was of $13,431 million pesos, integrated by the program of automatic approval and transactional program.  In the last 3 years, the portfolio of guarantees is growing to a rate close to an annual 7% (mainly for the automatic guarantee).

  • The loss in the portfolio of automatic guarantee is close to the size of the commissions net charged and the interests that have generated fonds. The losses have been fewer to the ones expected in the design.
  • The FIDAPEX trust with its different funds is authorized to support financial programs of foreign trade under a scheme of the mutual fund.
  • The Mexico Undertakes fund of 7 million pesos is conducted to cover the international factoring for PYMES, currently does not require capital consumption.
  • To this trust have been summed the contributions from both the secretary of economy like Bancomext in 2017, 2018 y 2019 for the guarantee programs.
  • In October 2019, the CIC determined to guarantee just the program of the buyer guarantee with the fund PEF of FIDAPEX.

During the semester, monthly reports have been generated about the credit portfolio, daily reports for the counterpart risk, which have been spread among the business area, briefing also, to the collegial bodies.

Likewise, an inform has been periodically elaborated for each credit portfolio in the economic sectors, where participates mainly for the institution, in which the main indicators of risk and profit are included.

Legal risk

  • A follow-up of Bank Legal Risk has been made, and the constituted reserves in function of the processual phase of each verdict
  • By December 2019, the amount of reserves constituted by the legal risk was of $878 million pesos, with a coverage of 69%.
    • The reserves are sufficient to cover the number of legal contingencies by unfavorable legal or administrative resolutions to the institution in function of its processual phase and possibilities to lose the sue.

     
    Technologic and operational risk

    Operational. – On basis of the Integral Risk Operational Methodology:

  • Likewise, 15 processes with high operational risk have been identified. The evaluation of the identified risks in the Operational Manual Processes (MOPs), are in low risk.
  • Regarding the observed exposition, the analysis of the loss events and their average cost, on basis in historical data from January 2008 until today, have been registered:
    • The requirement of total capital by operational risk raised to $1,090 million pesos, according to the Basic Indicator Method, which represents the 82% of the tolerance level of the capital by operational risk

    Technologic. – The aspects evaluated by technological risk show that the behavior of the identified events within the fulfillment parameters, without any impacts to the band critical processes

    • The technologic profile analysis:
  • The analysis of the Technologic Risk Map, the 17 applicative critical are evaluated with low risk
  • In the analysis of the Indicators of Availability and Technological Security, variations in each indicator have been identifies; nonetheless, in either of the cases intrusions or impacts existed to BANCOMEXT thanks to the protection mechanisms that it has.
  • The performance test of the Methodologies of high risk and Business Impact Analysis has been undertaken with satisfying results with emphasized its direct support to in the established tolerance levels
Phone: +52 (55) 5449 9000
E-mail:bancomext@bancomext.gob.mx
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Ciudad de México, C.P. 14210