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Business

South Korean Export Bank to Give $200 million Credit Line to Bancomext

Bancomext, a Mexican development bank, will use the credit to promote economic integration between the two countries

Bancomext Signs a $200 million Credit Line with Korean Bank, photo: Courtesy of Bancomext
By Notimex Whatsapp Twitter Facebook Share
2 years ago
The presidents of the two countries, Enrique Peña Nieto and Park Geun-hye. Photo: Courtesy of Bancomext

The presidents of the two countries, Enrique Peña Nieto and Park Geun-hye. Photo: Courtesy of Bancomext

Bancomext Signs a $200 million Credit Line with Korean Bank.

The National Bank of Foreign Trade (Bancomext) signed a credit line for $200 million with the Bank of Imports and Exports of South Korea (KExim).

The Mexican development bank said that the resources will be used to support the growth and productivity of Mexican companies that provide goods and services to Korean companies, and Mexican companies in which Korean capital is invested.

The terms of the credit line allow support for better cooperation between Korea and Mexico in technology, capital goods, equipment, parts and services.

The presidents of the two countries, Enrique Peña Nieto and Park Geun-hye, were present when the two banks signed the agreement.

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