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HNS opts for BanComex Trade Finance solution

Surecomp, a leading provider of trade finance, factoring and reconciliation solutions for the banking and financial market, today announced that Santiago-based HNS Banco has licensed BanComex. Established in 1991, Santiago-based HNS Banco is one of Chile’s foremost boutique banks. Dedicated...

#bank#international#international factoring

CIT reports solid start to 2005

CIT Group Inc the commercial and consumer finance group reported net income of US$210.4m for the first quarter 2005, an…

#CIT#commercial finance#leadership


Loan guarantee organisation offers platform for coordinating loans to...

Colombian loan guarantee organisation Fondo de Garantнas de Antioquia (FGA) has invited all the country's banks and chambers of commerce…

#banks#guarantee#small businesses


Grupo Security seeks 20% profit growth on factoring investment

Chilean financial services group Grupo Security looks to up profits 20% this year on the back of a 5bn peso…

#Boost#financial services#insurance


Atradius sticks to credit insurance growth forecast

Mexico's credit insurance market could expand by up to 25% this year as an increasing number of companies look to…


Carmen Bernardis named Managing Director Bank of America Business...

Bank of America Business Capital announced that Carmen Bernardis has been named managing director of Bank of America Business Capital…


Financial group extends asset-based financing to healthcare providers

Textron Financial Corporation announced that it has begun offering asset-based financing to US healthcare providers. Textron Financial's healthcare financing leverages…

#commercial finance#receivables


CIT acquires assets of Receivables Capital Management, a division...

CIT Group Inc., a leading provider of commercial and consumer finance solutions and SunTrust Banks, Inc. announced that CIT has…

#bank#CIT#commercial finance


Coface looks to boost market share despite lower ROE

The Chilean subsidiary of French credit insurer Coface aims to boost its market share this year though it does not…


Atradius 2004 profits drop 22% on higher reserve provisions

Mexico's largest credit insurer Atradius Mйxico said its profits fell 22% in 2004 because of higher reserve provisions. Profits of…


CapitalSource provides US$95m asset-based loan to SETECH

CapitalSource announced that it has provided a US$95m revolving credit facility to SETECH, an integrated supply and inventory management services…

#management#working capital


Fogape awards US$82m in loan guarantees to bank and...

The Chilean loan guarantee fund for SMEs, Fogape, held its second auction of 2005, awarding 48.2bn pesos (US$81.7m) in loan…

Trinsic announces factoring relationship with Thermo Credit

Trinsic, Inc., a leading provider of enhanced circuit-switched and IP (Internet protocol) telephony services has entered into an accounts receivable…

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