|Banco National de Comercio Exterior (Bancomext) |
Export Credit Agency (ECA) in Mexico
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
- 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
Soft Commodities / Grains – We’ll work with traders and producers to help them increase their trade flows in the jurisdictions they’re operating in
Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals
Are you an exporter based in Mexico?
See our TFG Mexico Export guide here .