OREANDA-NEWS. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is pleased to announce that Bank of Tokyo-Mitsubishi UFJ (Mexico), S.A. (BTMUM), BTMU’s wholly owned subsidiary in the Mexican United States (Mexico) has signed a Memorandum of Understanding (MOU) with Banco Nacional de Comercio Exterior, S.N.C. (Bancomext), a Mexican governmental bank in Mexico on July 25, 2014. This MOU sets out the collaboration on Bancomext's providing Long term Mexican peso credit facility to BTMUM.

Bancomext is a Mexican governmental bank established in 1937 and provides financial products and services to promote foreign trade, direct investment from and to Mexico, tourism, transportation and logistics industry, and renewable energy related business.

Recently, automotive related companies have accelerated their investments to Mexico as the production hub for car export to mainly North America. Many non-Mexican companies have also become more attracted to the Energy Reform being progressed by the Mexican Government. BTMU and BTMUM would like to strengthen the capability on long term Mexican peso funding for such customers relating to foreign trade and/or to investing the enforcement of Renewable Energy infrastructure in Mexico through signing this MOU.

In 1958, BTMU established a representative office in Mexico City. In 1995 BTMU established BTMUM, a local subsidiary, which has been the only Japanese bank providing full banking services in Mexico. BTMUM intends to expand its services to respond to the various needs for its customers.