February 2015

The Export Credit Agency of México

1

Mexico City

BANCOMEXT MENSAJE DEL DIRECTOR GENERAL

RESULTS During this administration the outstanding credit portfolio

balance grew 95%, from MXN 74 billion in December 2012 to MXN 144 billion (approx. USD 10 billion) in December 2014.

Our credit portfolio growth has been greater than that of the entire group of commercial banks in Mexico, achieving this in a responsible way.

Bancomext past due loans reach 0.6%, meanwhile the credit reserves cover 2.4 times the past due loans.

RESULTSRESULTS

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RESULTS

From December 2008 to December 2014,

Bancomext Guarantee Program has

increased 206%, with a balance of MXN

30.9 billion as of December 2014 (approx.

USD 2,130 million). The program benefited

more than 3,000 companies in 2014.

Bancomext has followed the strategy of

reinforcing its presence with financial

products in the local market, as well as,

strengthening relations with international

entities, mostly ECA´s and Development

Banks.

RESULTS

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Sector-Product-Geography

TRADE FINANCE:

• Tourism• In Bond Industry• Automotive & Autoparts• Aerospace• Transportation & Logistics• Electric & Electronic • Mining & Metallurgical• Telecommunications• Energy• Project Finance

• Renewable Energy• Others

Source: CNBV and BANCOMEXT Electronic Channels

IFI Network (46)

SME´s

Transactions of more than USD 3 million

North EastWestCenter

BUSINESS MODELBUSINESS MODEL

GeographyProducts & Programs

Priority Sectors

Direct CreditFirst Tier Second Tier

Corporate

Companies

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23.6%

71.8%

2,987 (8%)

450(1%)

Number of Mexican exporters

Annual exports up to USD 0.2 million

Annual exports between USD 0.2 to USD 5 million

Annual exports between USD 5 and USD 100 million

Annual exports of more than USD 100 million

TOTAL 35,574 companies

0.4%

4.2%

USD $0.98 billion

USD $11 billion

USD $61 billion

USD $185.9 billion

Export market share

100% USD $258.9 billion

24,158 (68%)

7,979 (23%)

10,966

Bancomext supports around 3,437 exporting companies with export sales of more than

USD 5 million on a direct basis. The rest of the Mexican exporting companies are

attended through the network of 46 financial intermediaries prequalified by Bancomext.

TARGET MARKET

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DIRECT LENDING

December, 2014

BANCOMEXT CREDIT

INDIRECT LENDING(Financial Intermediaries)

GUARANTEES69% 10%

21% * Discount Credit

Lines

Letters of Credit

International

Factoring

Buyer’s Credit

Corporate

Lending

Sectorial

Specialization

Inventory

Financing

Aval

Letters of Credit

Selective

Automatic

Buyer’s Credit

* 11% Direct and 10% Indirect

BANCOMEXT MENSAJE DEL DIRECTOR GENERAL

Dec. 2012 Dec. 2013 Dec. 20145,743 3,531 1,407

53,31869,356

99,642

7,873

10,036

13,672

12,615

19,692

30,900

Private Sector1st. Tier

Guarantees

Public Sector

102,615

145,621

Financial Intermediaries

79,549

CREDIT PORTFOLIO BALANCE (MXN MILLION)

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CREDIT PORTFOLIO BY SECTORS

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PRIVATE SECTOR CREDIT PORTFOLIO BALANCE (MXN MILLION)

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PAST DUE LOANS (%)

Dic 11 Dic 12 Dic 13 Dic 14

0.80.1

1.20.6

4.2

2.5

1.7

1.5

% Reserves vs. Total Portfolio% Past due loans

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14,402

December 2012

17,476

December 2014December 2013

12,14518.6%

21.3%

Capital ratio 14.47% 13.72% 13.1%*

CAPITAL RATIO EVOLUTION (%)(MXN MILLION)

*Preliminar

BANCOMEXT MENSAJE DEL DIRECTOR GENERAL

www.bancomext.com+ 52 (55) 5449 9000