LBBW Mexico. March, 2013

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1 LBBW Mexico March, Monat 20XX, Titel der Präsentation, Referent, Seite 1 Presentation LBBW International Business,Page 1 Landesbank Baden-Württemberg

2 Mexico 00. Monat 20XX, Titel der Präsentation, Referent, Seite 2 Presentation LBBW International Business,Page 2 Landesbank Baden-Württemberg

3 Quick Facts Name: United Mexican States Population: million (2012) Capital: Mexico City Other major cities: Guadalajara, Monterrey, Puebla Area: 758,449 sq miles President: Enrique Peña Nieto Political Regime: Republic Language: Spanish Religion: Predominantly Roman Catholic Life expectancy: 74 years (men), 79 years (women) SOURCE: World Bank/INEGI 00. Monat 20XX, Titel der Präsentation, Referent, Seite 3 Presentation LBBW International Business,Page 3 Landesbank Baden-Württemberg

4 Political Overview In July 2012 with 38.15% of total votes, Mexicans elected Enrique Peña Nieto as new President of Mexico from Partido Revolucionario Institucional (PRI) for the period The election renewed both houses of Congress (128 Senators and 500 Congressmen). Mexico chaired the G20 in By assuming the annual Presidency of the G20 Mexico, the second emerging country and the first in Latin America to do so, Mexico confirms its role as a responsible and influential actor, both regionally and globally. Mexico s priorities for the G-20 agenda are: Economic stabilization and structural reforms; Strengthening the financial system and fostering financial inclusion; Improving the international financial architecture; Enhancing food security and addressing commodity price volatility; and Promoting sustainable development, green growth and the fight against climate change. 00. Monat 20XX, Titel der Präsentation, Referent, Seite 4 Presentation LBBW International Business,Page 4 Landesbank Baden-Württemberg

5 Economy at Glance Currency: Mexican Peso (MXN) GDP: US$1,231 billion (2012) GDP per capita: US$ 10,581 (2012) Extreme poverty rate (% of Population): 11.2% (2012) Total Debt: US$ billion (2012) Total Debt as % of GDP: 33.3% Main exports: Automobiles, auto parts, crude oil, meats, dairies, fruits, vegetables Main Commercial Partners: US, Canada, Germany SOURCE: World Bank/INEGI/SHCP 00. Monat 20XX, Titel der Präsentation, Referent, Seite 5 Presentation LBBW International Business,Page 5 Landesbank Baden-Württemberg

6 Mexico s trade agreements Free Trade Agreements Partial Preferential Agreements NAFTA (USA and Canada) MERCOSUR - Auto Sector (ACE 55) Central America (Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua) MERCOSUR (ACE 54) Peru Brazil (ACE 53) Bolivia Argentina Japan Ecuador Uruguay EFTA member states (Iceland, Liechtenstein, Norway and Switzerland) Northern Triangle (El Salvador, Honduras and Guatemala) Israel European Union (EU) Chile Nicaragua Costa Rica Colombia Panama 00. Monat 20XX, Titel der Präsentation, Referent, Seite 6 Presentation LBBW International Business,Page 6 Landesbank Baden-Württemberg

7 Economic Development Mexico, the second largest economy in Latin America, expanded at a strong pace for most of 2011 when the GDP grew 3.9%, in 2012 the GDP maintained its trend and grew 3.9% as well; although it is showing signs of slowly decelerating in 2013 as GDP forecasts made by the Mexican government are for the GDP to grow 3.5%. The economy is exposed to fluctuations in the US economy, global financial markets, and commodity prices. However, Mexico is well positioned to respond to a global slowdown, particularly on the external and monetary fronts.. Growth is driven by private consumption and investments (boosted by relatively stable inflation and credit growth). Oil prices could decline upon a weaker global economic growth, having an important impact on Mexico s public finances next year. Manufacturing exports continue to have a strong performance at annual growth rates of above 10%, led by the automotive sector which accounts for over a quarter of exports. 00. Monat 20XX, Titel der Präsentation, Referent, Seite 7 Presentation LBBW International Business,Page 7 Landesbank Baden-Württemberg

8 Economic Development The uncertainty in the U.S. and the global outlook represent the main risk factors. Mexico could be significantly affected by subdued economic activity in the U.S. due to the expected fiscal drag. External financing needs are manageable. This is due to a moderate current account deficit, healthy levels of international reserves, which are at record levels above US$ 160 Bn., a Flexible Credit Line with the IMF, and prudent public debt management. The flexible exchange rate is a first, strong shock-absorber. The flexibility of the exchange rate regime allows the currency to depreciate rapidly. This helps to absorb the impact of a reversal in net capital flows. The banking system is sound. Foreign banks subsidiaries enjoy strong capitalization and liquidity ratios. 00. Monat 20XX, Titel der Präsentation, Referent, Seite 8 Presentation LBBW International Business,Page 8 Landesbank Baden-Württemberg

9 Economic Development GDP Annual Growth (Real) Source: INEGI Base Year: Monat 20XX, Titel der Präsentation, Referent, Seite 9 Presentation LBBW International Business,Page 9 Landesbank Baden-Württemberg

10 GDP Projections for 2050 Goldman and Sach s recently published their projections for GDP levels by nation 38 years into the future, in this projection Mexico is number 8 while Germany is Monat 20XX, Titel der Präsentation, Referent, Seite 10 Presentation LBBW International Business,Page 10 Landesbank Baden-Württemberg

11 Annual Inflation Source: INEGI 00. Monat 20XX, Titel der Präsentation, Referent, Seite 11 Presentation LBBW International Business,Page 11 Landesbank Baden-Württemberg

12 Interbank Interest Rate (TIIE) Source: BANXICO Monat 20XX, Titel der Präsentation, Referent, Seite 12 Presentation LBBW International Business,Page 12 Landesbank Baden-Württemberg

13 Foreign Exchange Rate (MXN/USD) Source: BANXICO 00. Monat 20XX, Titel der Präsentation, Referent, Seite 13 Presentation LBBW International Business,Page 13 Landesbank Baden-Württemberg

14 Mexican Stock Exchange (IPC) Source: INEGI 00. Monat 20XX, Titel der Präsentation, Referent, Seite 14 Presentation LBBW International Business,Page 14 Landesbank Baden-Württemberg

15 International Reserves USD Mio. Source: INEGI 00. Monat 20XX, Titel der Präsentation, Referent, Seite 15 Presentation LBBW International Business,Page 15 Landesbank Baden-Württemberg

16 Remittances USD Mio. Source: BANXICO 00. Monat 20XX, Titel der Präsentation, Referent, Seite 16 Presentation LBBW International Business,Page 16 Landesbank Baden-Württemberg

17 External Debt USD Mio. Source: BANXICO 00. Monat 20XX, Titel der Präsentation, Referent, Seite 17 Presentation LBBW International Business,Page 17 Landesbank Baden-Württemberg

18 External Debt as % of GDP Source: BANXICO 00. Monat 20XX, Titel der Präsentation, Referent, Seite 18 Presentation LBBW International Business,Page 18 Landesbank Baden-Württemberg

19 Mexican Banking System 00. Monat 20XX, Titel der Präsentation, Referent, Seite 19 Presentation LBBW International Business,Page 19 Landesbank Baden-Württemberg

20 The Mexican Banking System at glance Entity Type Number Financial Groups 22 Banks 47 Development Banks 6 Representative Offices 58 Stock Exchange Houses 34 Insurance Companies 79 Retirement Funds AFORES 13 Investment Funds Operators 33 Leasing Companies 2 Factoring Companies 1 Guarantees (Afianzadoras) 15 Deposit Warehouses 19 SOFOLES 18 SOFOMES 4,022 Banking Licenses Source: AMB 00. Monat 20XX, Titel der Präsentation, Referent, Seite 20 Presentation LBBW International Business,Page 20 Landesbank Baden-Württemberg

21 Average Interest Rate Charged Source: ABM 00. Monat 20XX, Titel der Präsentation, Referent, Seite 21 Presentation LBBW International Business,Page 21 Landesbank Baden-Württemberg

22 Past Due Ratio and Coverage Ratio Past due Ratio (%) Coverage Ratio (%) Source: CNBV 00. Monat 20XX, Titel der Präsentation, Referent, Seite 22 Presentation LBBW International Business,Page 22 Landesbank Baden-Württemberg

23 Capitalization Index (%) Min. Basel III CNVB Early Warning Source: ABM 00. Monat 20XX, Titel der Präsentation, Referent, Seite 23 Presentation LBBW International Business,Page 23 Landesbank Baden-Württemberg

24 Current Loan Portfolio USD Bn. Source: World Bank 00. Monat 20XX, Titel der Präsentation, Referent, Seite 24 Presentation LBBW International Business,Page 24 Landesbank Baden-Württemberg

25 Mexican Banks ROE Source: BANXICO, ABM, CNBV 00. Monat 20XX, Titel der Präsentation, Referent, Seite 25 Presentation LBBW International Business,Page 25 Landesbank Baden-Württemberg

26 Mexican Banks ROA Source: BANXICO, ABM, CNBV 00. Monat 20XX, Titel der Präsentation, Referent, Seite 26 Presentation LBBW International Business,Page 26 Landesbank Baden-Württemberg

27 00. Monat 20XX, Titel der Präsentation, Referent, Seite 27 Presentation LBBW International Business,Page 27 Landesbank Baden-Württemberg LBBW Mexico

28 LBBW Mexico In 2007 LBBW established a finance company in Mexico that is a non-bank financial institution. LBBW MEXICO, S.A. de C.V. SOFOM, E.N.R. provides loans for production facilities, equipment and working capital, as well as diverse portfolio of services to support the needs of LBBW Group s and Saving Banks clients in Mexico. Since 2011, LBBW Mexico is also supporting client s needs in Chile and Peru. To further support the needs of LBBW Group s and Saving Banks clients operating in Mexico, LBBW s Representative Office Mexico and its German Desk are located in the German Centre in Mexico City. The Representative Office is also responsible for Central America. 00. Monat 20XX, Titel der Präsentation, Referent, Seite 28 Presentation LBBW International Business,Page 28 Landesbank Baden-Württemberg

29 LBBW Mexico Products & Services LBBW Mexico offers a complete set of financing options to its clients: - Investment financing, term-loans ranging from 1 to 5 years - Acquisition financing - Revolving facilities - Working capital loans, tenors from 1 to 12 months - Local currency financings - Hermes-covered import financing LBBW Mexico is authorized to utilize local collateral like mortgages, pledges of equipment, personal guarantees. Business that LBBW Mexico is not presently allowed to conduct, like foreign exchange transactions and derivatives, is being passed on to LBBW New York 00. Monat 20XX, Titel der Präsentation, Referent, Seite 29 Presentation LBBW International Business,Page 29 Landesbank Baden-Württemberg

30 Landesbank Baden-Württemberg Representative Office Mexico Since 2001, LBBW has been present in Mexico-City with the German Centre and a Representative Office located in the same building. Our main goal is to support the business customers of the LBBW Group and the Savings Banks which are active in Mexico and Central America or plan business activities there. Services range from questions about accounts and payments, over start-up support for newly established German midcap companies, to complex market entry studies. Support for German Savings Banks 00. Monat 20XX, Titel der Präsentation, Referent, Seite 30 Presentation LBBW International Business,Page 30 Landesbank Baden-Württemberg

31 Location LBBW Mexico is located in Mexico City in the German Centre building. 00. Monat 20XX, Titel der Präsentation, Referent, Seite 31 Presentation LBBW International Business,Page 31 Landesbank Baden-Württemberg

32 Lassen Sie uns ins Gespräch kommen... Volker Helms Leiter der Repräsentanz Mexico City Geschäftsführer der LBBW Mexico SoFOM Telefon: Telefax: Monat 20XX, Titel der Präsentation, Referent, Seite 32 Presentation LBBW International Business,Page 32 Landesbank Baden-Württemberg

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