Banco Nacional de Comercio Exterior

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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.
References in periodicals archive ?
The Mexican Foreign Ministry and Bancomext agreed to open an ongoing, timely and dynamic channel of communication in order to promote Mexico's economy abroad, especially in the markets with most opportunities to attract FDI.
El 22 de diciembre de 2015 Pemex suscribio dos contratos de credito para solventar la compra: uno con Nafin y Bancomext por 275 millones de dolares, y otro con Nafin, Bancomext y Banco Azteca por 360 millones.
En octubre de 2006, de acuerdo con una Evaluacion de la Estabilidad Financiera de Mexico, el FMI formulo la recomendacion: "sujeto a una clara definicion de objetivo y mandato, una agencia de desarrollo debiera sustituir a Nafin y Bancomext, la promocion de las exportaciones debieran ser financiadas a traves del presupuesto".
Bancomext will finance the construction of the project, along with a USD 17 million dollars line of credit for Value Added Tax (VAT).
Fitch believes the propensity of support is also driven by Bancomext's clearly defined policy role and high relevance of its activities for the Mexican federal government's execution of its economic objectives.
Bancomext, Banobras and SHF to A3, from B1, Moody's noted that these
ProMexico is taking over some of the responsibilities of Bancomext, the Mexican Bank for Foreign Trade.
Segun datos de Bancomext, hay al menos 20 empresas mexicanas interesadas en establecerse en el pais asiatico, particularmente de los sectores alimentos, automotriz y quimico.
The San Diego companies current owner, Mexico's National Bank for Foreign Trade, or Bancomext, was expected to sign the deal on Dec.
13, with the Mexican Government, through Bancomext, signing an agreement to sell the operation to a group of investors based in Sonora, Mexico.
In 1996, the Secretaria del Medio Ambiente, Recursos Naturales, y Pesca (SEMARNAP), which operated Ocean Garden, transferred the company to the government's foreign-trade bank (Banco Nacional de Comercio Exterior, BANCOMEXT).
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.