Traditional Energy and Renewable Energy

BANCOMEXT has promoted the energy sector through medium- and long-term financing to develop, construct, and implement power generation and “Oil & Gas” subsector projects.

In this sense, Bancomext, in response to the Federal Government's priority strategies, continued in 2020 supporting projects aligned with the Federal Government's National Development Program.

Bancomext participated in financing the construction of the project and the installation of a gas compression platform, located in the block AS01 integral production asset, in the KU-MALOOB-ZAP field, in the Campeche area of the Gulf of Mexico:

The operation to be financed contributes directly to the generation of foreign exchange through complementary financing for Mexican companies, contributing to national development, such as strengthening the national supply chain.
With the support of Bancomext, the aim is to complement financial support in conjunction with commercial banks through a long-term syndicated loan.

Bancomext structured financing for developing an onshore field through an Exploration and Extraction Contract in under license from the National Hydrocarbons Commission. This contract includes the drilling of tertiary and Mesozoic wells. The field is located 22 km from the Dos Bocas port (for export). Within a 7-kilometer perimeter Pemex oil facilities are located that would facilitate interconnection.

The results from the leading indicators were the following:

The portfolio balance of this sector was 34,752 million pesos, representing 16.9% of the total balance of the first-tier private sector portfolio, making it the most important portfolio of Bancomext's sector projects. Furthermore, it presented an increase of 8.2% when compared to the same period of the previous year, which amounted to 32,113 million pesos.
The portfolio of this sector generated 868 million pesos of income from financial margin plus commissions, placing it as the most important portfolio of the priority sectors with a contribution of 16.8% to the total revenue generated by Corporate Banking.
Placement for this sector amounted to 25,429 million pesos, contributing 18.7%, placing it as the second most important portfolio of the first-tier strategic sectors.
The number of companies that benefited in this sector was 63 for the period.
At the end of June, the portfolio of prospects in the sector closed with 15,790 million pesos, with 44 projects under study.