Annual Report 2014 BME
Spain France Italy United Kingdom Germany
1990 1992 1993 1995 1997 1999 2000 2002 2004 2006 2007 2009 2011 2013
•SIBE: Dominican Rep., El Salvador,
Venezuela, Ecuador, Uruguay, Bolivia
•Visual Trader: Chile
•Peru, Mexico, Chile,
BME: Positive drivers – Structural change in financing
BME: Diversification and growth
Market financing (M) vs banking (B) of non financial companies (1990 – 2013).
As can be seen in the above chart, market-based financing in Spain has been historically low in comparison
to other countries, although this trend changed from 2011.
The intensification of this transformation –the position of market-based funding as a complement of bank
funding– will offer BME attractive business opportunities.
Bet for geographical diversification: technology, regulation and cooperation, basic pillars for business development.