Banorte signs agreement with Sinosure

Banorte signs agreement with Sinosure

Loans Structured Finance Project & Infrastructure Finance Mexico China Asia

Mexican bank Banorte said on Sunday that it has signed an agreement with China's state-owned export credit insurance company Sinosure to provide financing for local borrowers that purchase Chinese goods and services. Banorte will provide short-, medium- and long-term loans for imports of raw materials, supplies, consumer goods and semi-finished products from China, while Sinosure will supply insurance and credit guarantees to Banorte as part of the agreement, the Mexican lender said in a press r

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