As a leader in the Mexican market in investment banking, government banking and infrastructure project finance, Banco Interacciones has provided its clients with tailor made solutions for the last 17 years.
Banco Interacciones is celebrating its first 17 years as a part of the Mexican financial landscape, a period characterised by continual growth, perseverance and learning. The bank is the fourth largest creditor to the Mexican governments (be it federal, state or municipal), and these types of markets have payment sources with the lowest credit risk which allows the bank to maintain a healthy balance and a high degree of payment certainty for its loan portfolio.
The bank is a major player in the niches it has carefully selected; these niches demand a high degree of specialisation in designing flexible financing mechanisms. Banco Interacciones is dedicated to those niches where its experience and high quality services can create the most value to its clients.
Having a very well defined strategy and adhering to it in a strict way, the bank has consistently recorded new highs in Credit Loan Portfolio, Total Assets, Total Revenue and Net Income year after year.
Measured by profitability, Banco Interacciones has ranked among the top three banks in Mexico for the most part of the last five years, having had a Return on Equity (ROE) of over 20 percent annually over that period, being 26.11, 29.00 and 22.94 percent for 2008, 2009 and 2010 respectively.
Despite the great results the bank has achieved, Banco Interacciones is aware of the constant challenges that a global economy possess and is always on the lookout for new opportunities that emerge in the financial markets. That is why by the end of 2010 the bank started a new strategic plan called “V4, transforming for transcendence and sustainability,” a four year plan aimed at strengthening the key aspects for building a better bank. Focused on Corporate Governance, Internal Control, Information Technology and Processes Reengineering, “V4” will lay the foundations upon which the bank will operate in the future.
This plan is built around three main pillars: process reengineering, funding and growth and results optimisation. These pillars are divided in 17 strategies (or circuits) which are designed to bring greater stability to processes, services and products.
After the first six months of the plan, the bank has started to be ruled by processes, to increase its liquidity and to expand its presence all across the Mexican territory.
Through Process Reengineering, the management is creating a mindset that is leading the bank to greater efficiency. Making a complete assessment of the things as they function right now, the team’s project works towards the way they should be: business process management.
The second pillar, funding, has managed to broaden the spectrum of financing sources for the bank. In the last few months, Interacciones has had three successful issues for a combined $320m. These issues have produced a slight increase in the funding cost but in exchange, allowed the bank to increase its liquidity to levels well above those expected by this time of the project.
The third pillar, regionalisation, aims to duplicate the strategy implemented in Mexico City all across the country. The main focus is to make available the expertise and confidence that the bank’s team provides to every local government. Through seven region offices, the bank aims to offer one on one attention to every potential client.
Within these strategic guidelines, Banco Interacciones is ready to expand its markets and products and it is ready to explore new opportunities as they present in the ever changing financial markets.
Banco Interacciones owes its solid growth to a clear and well defined strategy based on its deep knowledge of the market, stemming from being a Mexican institution, and it is dedicated to support the development of the country and to raise the quality of life of the Mexican people.
For more information Email: iro@interacciones.com; www.interacciones.com
