Nacional Financiera SNC Institucion de Banca de Desarrollo

Description

Nacional Financiera, S.N.C. (NAFINSA), a development banking institution, provides financial and technical services for development of small and medium-sized enterprises in Mexico. The company promotes the development and modernization of the industrial sector with a regional approach; stimulates the development of financial markets; and acts as financial agent of the Federal Government in the negotiation, contracting, and management of credits from abroad. In addition, NAFINSA, through its other subsidiaries, trades securities and documents issued by companies requiring long-term funds; renders management services to mutual funds; distributes and repurchases stock, manages stock portfolio, and promotes stock or investment plans; and receives and transfers the pertinent rights for administrating and operating financial, trustee, and legal instruments, in general, required to manage assets and industrial units of companies. The company also buys and sells various types of urban property, including undeveloped property and contracting leases as a lessor or lessee; acquires, manages, leases, and builds real state; and acquires, leases, manages, works, operates, sells, and uses properties. NAFINSA carries out its activities regionally, supported by its On-site Network of State Promotion Offices and by 34 Advisory Boards. The company also operates through two branches located in London and Grand Cayman; two representative offices in Washington and Santa Anna California; and a subsidiary established in New York, as of December 31, 2004. NAFINSA was founded in 1934 and is headquartered in Mexico City, Mexico.

Tags:

Bank Securities, Banking and Investment Management Services, Banking Markets, Personal Loans, Investment Banking and Financial Services Company