February 13, 2020
Mexican lender Banorte said on Wednesday that it signed an agreement with the Danish export credit agency EKF, looking to offer financing to local companies that import goods from Denmark.
EKF, in turn, will back the loans with guarantees, Banorte said in a press release.
"EKF guarantees the financing, which thereby grants Mexican buyers credit for three to 10 years – for renewables up to 18 years – before they ought to pay for the goods," Lars Smed, head of credit for small and medium-sized bus
Mexican lender signs an agreement with the Danish export credit agency EKF