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Banco Nacional de Comercio Exterior
(redirected from BANCOMEXT)

   Also found in: Acronyms 0.01 sec.
Banco Nacional de Comercio Exterior
A government-owned bank in Mexico. It was established to provide financing for the promotion of Mexican exports. It especially attempts to assist small and medium-sized businesses. It is based in Mexico City with offices elsewhere in the country. See also: Export Credit Agency.


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The transfer to BANCOMEXT was considered only a temporary move, with the bank enacting structural changes to the company to make it more attractive to potential buyers (see SourceMex, 1998-06-10 and 2001-05-06).
The company is currently working with BANCOMEXT, the national Mexican bank to foment exporters, to develop a training program and other services for local PYMES.
BANCOMEXT credits to Cuba had traditionally helped boost bilateral trade between the two countries, but the agency had recently been reluctant to extend these loans because of Cuba's mounting debt.
 
 
 
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