The Banco Nacional de Comercio Exterior (Bancomext), is a Mexican bank responsible for financing exports of goods and services. It is a development bank and constitutes a National Credit Society. It is the most important foreign trade institution in Mexico.
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Its creation was promoted by the president of Mexico of 1937, Lázaro Cárdenas, and began operating that same year at its headquarters at that time (Centro Histórico de la Ciudad de México). In 1950, export agreements for products such as rice, wax, cotton, honey, and more began. In 1981, it began operating as multiple banking, and four years later, it was established as a National Credit Society and development bank. In 1992, it became the first Mexican institution to issue commercial paper issues abroad. In 2017, it joined the Asociación de Bancos de Mexico.
The Swift Code (Society for Worldwide Interbank Financial Telecommunication), also known as BIC, is used during an international transfer to identify the receiving bank: BNCEMXMM.
Number of Employees
The bank has approximately 1,000 employees.
The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.
Bancomext has a rating of:
- Moody’s = A3.
- S&P = BBB+.
- Fitch = BBB.
A3 (Moody’s) = It has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration.
BBB+ (S&P Global) = It is a medium level, but they are in a good situation.
BBB (Fitch) =It has high solvency, but sensitive to adverse changes.
The headquarters of the entity is in Mexico City, Mexico.
If you want to know more about this bank, enter through its website: http://www.bancomext.com/.
The bank offers a series of products and services linked to foreign trade that include loans, guarantees, financial markets, fiduciary services, international financing, letters of credit, PYMEX products, purchase, and sale of national currency debt securities, foreign currency deposits and more.
- Address: Periférico Sur 4333, Colonia Jardines en la Montaña, Tlalpan, Ciudad de México
- Phone Number: +5255 5449 9000
- Email: [email protected]