2019 Anual Report
Funding Financial Institutions
Funding trough Financial Intermediaries
Bancomext has strengthen its strategy to boost foreign trade financing and the activities that generate currency trough the granting of intermediary banking and non-banking financial resources so these give credit to companies with operations in the international markets or generate currency, with particular attention to the sector prioritized by Bancomext.
The funding has an approach on small and medium banks in medium and long-term operations. In 2019 a non-banking intermediary was incorporated as newly accredited, so 53 banking and non-banking intermediaries were registered.
The program had a balance of $29,333 million pesos in 2019, supporting a total of 497 companies in foreign trade and currency generators.
During 2019, and as a response to the requirements and/or need of the Financial Intermediaries, new products and programs were identifies, which could be implemented in 2020.
On the other hand, in the Letters of credit, one of the strategies was to make alliances to make operations on behalf of medium and small National Banks. In this sense, the Letters of Credits balance with National Banks was $1,666 million pesos by the end of 2019.
Guarantees Program
Resulting from the promoting work in the Guarantees Program, 3,774 companies were financed in better conditions trough the Aid program to the PyMEX Export and Import companies and the Aid Program to the Touristic Sector.
The Guarantees Program registered, by December 2019, $20,990 million pesos, which represented an increase of 9% in contrast with the previous year. This aid has been given trough 18 financial banking intermediaries.
Sectors
IMPROVE YOUR HOTEL- Integral Financing Program specialized in the modernization of the hotel infrastructure of the country, in order to give service to the financial needs in: construction projects, equipment, expansion, renovation, technical improvement, environment, energy saving, fuel and water of the hotel. Any integral improvement of the facilities and/or offered services.
PROCAR- Sector Program in support of the supplier PyMES that belong to the global exportation chain in the sector.
PRO ELECTRIC AND ELECTRONIC – Directed to support the PyMEX that belong to the global supply chain in the electric-electronic sector to expand and improve the national distribution in the industry.
CAPEX – Program dedicated to support the PYMEX in the improving of their productive capacity through the granting of funding for equipment and machinery, facilities, vehicles.
