Description of the development banking sector
The development banking institutions are entities of the Federal Public Administration, with legal personality and patrimony of their own, constituted as national credit entities, which are part of the Mexican Banking System. They improve the productive activities that Congress determined as the specialties of each one, according to their respective organic laws. Their main objective is to provide access to savings and financing for individuals and corporations as well as to provide technical assistance and training.
There are currently six institutions that constitute the Mexican development bank system, with a wide spectrum in terms of areas of focus: small and medium enterprises, public infrastructure, support for foreign trade, housing, savings improvement and credit to the military. These institutions are:
1. Nacional Financiera, S.N.C. (NAFIN)
2. National Bank of Public Works and Services, SNC (BANOBRAS)
3. National Foreign Trade Bank, S.N.C. (BANCOMEXT)
4. Federal Mortgage Society, S.N.C. (SHF)
5. National Savings and Financial Services Bank, SNC (BANSEFI)
6. National Bank of the Army, Air Force and Navy, SNC (BANJERCITO)
Última modificación: 25/10/2013