International Factoring Guarantee - 2020 ANNUAL REPORT
International Factoring Guarantee
This program finances receivable accounts from Mexican companies having export sales through the national Financial Intermediaries, offering them a guarantee of up to 100% for foreign buyers previously qualified by Bancomext, providing working capital.
Said program exhibited a placement of 1,726 million pesos in 2020, supporting seven companies. The balance amounted to 656 million pesos for the same analyzed period.