Banco Nacional de Comercio Exterior


Also found in: Acronyms.

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 ?
Figures from Mexico's Banco Nacional de Comercio Exterior (BANCOMEXT) show Mexico exported US$245 million in goods to El Salvador last year but imported only US$19.8 million.
Moody's Investors Service assigned a B1 long term global local currency debt rating to Banco Nacional de Comercio Exterior, Sociedad Nacional de Credito, InstituciEuAun de Banca de Desarrollo's (Bancomext) proposed issuance of Certificados Bursatiles Bancarios (cebures) of up to Mx$3 billion for up to ten years.
28 February 2011 -- Moody's has set long- and short-term local and foreign currency issuer ratings of Baa1 and Prime-2, respectively, to Mexican state-owned Banco Nacional de Comercio Exterior SNC Institucion de Banca de Desarrollo (Bancomext).
In mid-1998, the Zedillo administration decided to reconsider privatization, leaving the process in the hands of the government's foreign-trade bank (Banco Nacional de Comercio Exterior, Bancomext).
Full browser ?