Banco National de Comercio Exterior (Bancomext) | Export Credit Agency (ECA) in Mexico

Export Credit Agency (ECA) in Mexico

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Banco National de Comercio Exterior (Bancomext) |
Export Credit Agency (ECA) in Mexico
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About Banco National de Comercio Exterior

Banco National de Comercio Exterior (Bancomext) aims to contribute to the development and generation of employment in Mexico through financing Mexican foreign trade.

Bancomext was founded in 1937 and operates through the granting of loans and guarantees, directly or through commercial banks and non-bank financial intermediaries, in order for Mexican companies to increase their productivity and competitiveness.

A summary of Banco National de Comercio Exterior

Banco National de Comercio Exterior – Benefits of using an ECA in Mexico

  • Risk management
  • Business Advice
  • Tendering opportunities

Products and services offered by Banco National de Comercio Exterior

 

  • Credit financing
  • Financing and technical assistance
  • Guarantees
  • Fiduciary Services
  • International Financing

History of Banco National de Comercio Exterior

Bancomext was founded in 1937. In 1947 it became a member of the Mexican delegation that participates in the Havana Meeting, where for the first time a multilateral agreement is sought to eliminate tariffs and restrictions on world trade.

Bancomext celebrated the first compensation agreements or compensated exchange in 1950. A decade later in 1960, the bank collaborated in three general objectives of the government’s economic policy: the improvement of the trade balance, the strengthening of the terms of trade and industrialisation.

On July 12, 1985, a decree was published in the Official Gazette of the Federation that transforms the National Bank of Foreign Trade, from a Public Limited Company to a National Credit Corporation, a Development Banking Institution. In 2009 Bancomext is designated to support airlines and tourism due to the health contingency caused by the influenza virus.

Electronics – The circuit board, software and hardware markets have benefited huge growth as a result of consumer demand, find out about our electronics offering here

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Soft Commodities / Grains – We’ll work with traders and producers to help them increase their trade flows in the jurisdictions they’re operating in

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Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals

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Are you an exporter based in Mexico?

See our TFG Mexico Export guide here .

Key Stats

Name:

Banco National de Comercio Exterior (Bancomext)

Country:

Mexico, Americas

CEO Information:

Enrique de la Madrid Cordero

Founded:

1937

Employees:

600

Government:

Mexican Government

Address:

Periférico Sur 4333, Col. Jardines en la Montaña. Tlalpan. Mexico, Mexico City, CP. 14210.

E-mail Address:

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About the Author

Deepesh Patel is Editorial Director at Trade Finance Global (TFG). In this role, Deepesh leads efforts in developing TFG’s brand, relationships and strategic direction in key markets, including the UK, US, Singapore, Dubai and Hong Kong.

Deepesh regularly chairs and speaks at international industry events with the WTO, BCR, Excred, TXF, The Economist and Reuters, as well as industry associations including ICC, FCI, ITFA, ICISA and BAFT.

Deepesh is the host of the ‘Trade Finance Talks’ podcast and ‘Trade Finance Talks TV’. He is co-author of ‘Blockchain for Trade: A Reality Check’ with the ICC and the WTO, alongside other industry research.

In addition to his work at TFG, Deepesh is a Strategic Advisor for WOA, and works closely with ITFA. He also sits on the Fintech Working Group of the Standardised Trust.

Prior to TFG, Deepesh worked at Travelex where he was responsible for the cards business and the Travelex Money app in Europe, NAM, UK and Brazil. Deepesh is Chair of Governors and co-opted LA Governor of the Wyvern Federation, which has responsibility for 5 primary schools in South London.

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