factoring payments Chile 22-08-2003 Banco del Desarrollo to acquire factoring business despite profits drop largely due to severance payments Chile’s Banco del Desarrollo saw first half net profits drop 5.85% year on year to 3.4bn pesos (US$4.9m), mainly due to severance payouts for laid off personnel, local financial daily…… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here