First-tier financing
During 2019, the General Attached Management Board of Corporate Banking aligned with the objectives, strategies and lines of institutional actions, emphasized its support to the generator and export companies of currencies in all the phases of the exportation process, in their investments, amplification of productive capacity, its internationalization and to encourages foreign investment in the countries, which has permitted the strengthening of the presence of Bancomext like one of the main banks of development in Mexico.
The financing of Bancomext to these sectors has promoted the generation and preservation of jobs, and the financing and development of the country’s chain values, which impact is reflected in the main indicator of the institution, such as: portfolio credit balance of the private first-tier sector, the number of benefited companies, the granting of resources, commissions and intakes by financial framework; an potential client portfolio (Pipe Line).
The unionized credits with the trade bank presented a growth of:
- 22% in the number of lines when crossing 118 in 2018 to 144 in 2019
- 24% in the amount of credit lines when crossing from 81,486 million pesos in 2018 to 101,325 million pesos in 2019
- The balance percentage of unionized credits in contrast with the total portfolio balance changed from 29% in 2018 to 36% in 2019.
The characteristics of the main indicators are the following:
The first-tier portfolio balance in the private sector was of 197,540 million pesos in the closing of 2019. The sectors that stand out contribution in the portfolio balance of first-tier and private sector were: Energy with the 16.3%, tourism with the 16.2% and Industrial Plants with 11.6%.
The income by financial frame and credit commissions of first-tier contributed to the sustainability of the institution, were for 4,974 million pesos, amount f money that reflected an increase of 11% in relation with December 2018, which was for 4,470 million pesos. The portfolios that contributed to the consolidation of the income were: Energy with 18.15%, tourism with 16.3% and industrial plants with 11.7%
Regarding the placement of resources in the first-tier financial aid were conducted for a sum of 128,437 million pesos. The strategic sectors that stood out in this period for their contribution in the use of resources were: Transport with 23.1%, automotive with 15.7% and Energy with 13.3%.
The number of companies that were benefited during 2019 were 1,248: This number includes 506 companies with direct aid and 742 companies indirectly aided. For their contribution in the number of companies that were benefited directly the role of these sectors stand out: Tourism with 22.5%, Industrial plants with 19.0% and Energy with 13.6%.
In closing of December, the prospect portfolios (Pipe Line) raised to 107,232 million pesos.