Bancomext is Mexico’s Development Bank, acting as the Export Credit Agency of the Mexican government and responsible for financing foreign trade.
Bancomext was founded in June 1937. Over the time, Bancomext has adapted its strategy to current global conditions, redefining some strategic lines without neglecting its core business. The current mission of Bancomext is to support trade by contributing to the development and job creation in Mexico, as well as by financing long-term investments and the country’s foreign trade.
Bancomext plays a strategic role for the Mexican government in achieving its economic objectives, specifically in financing foreign trade activities and sector development. The bank’s main goal is to finance the export-import activities of public and private Mexican companies. Small and medium-sized enterprises are supported through the commercial banks network with specific products. Bancomext provides direct and indirect financing, guarantee schemes to the export community and to financial intermediaries. Bancomext is particularly focused on developing the first stage of large investment projects with the participation of other financial agents.
Bancomext operates by conceding loans and guarantees, directly or through commercial banks or non-banking financial intermediaries, with the goal of assisting Mexican firms in increasing their productivity and competitiveness.
At a glance
- Director General: Francisco N. González Díaz
- Sherpa: Yolanda Patricia Taracena Sanz
- Location: Mexico City
- Website: https://www.bancomext.com
