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After factoring acquisition, Desarrollo anticipates 10% increase in loan...

According to Estrategia, Chile's financial daily, Banco del Desarrollo is looking to up its loan portfolio 10% this year backed by forecasted growth across the credit board. Backed by confident operating forecasts for this year, Desarrollo chairman Vicente Caruz said...

#acquisition#bank

Bank Leumi USA appoints three experienced factors to New...

Bank Leumi USA yesterday announced the appointment of three vice presidents, Mitchell Meth, Ralph Mascia, and Mary Ellen Bianco, to…

#bank#CIT#exporters


President urges bankers to accelerate lending to support economic...

Mexico's President Vicente Fox wants bankers to speed-up lending to support a nascent economic recovery, he told the Mexican Banking…

#bank#banks#conference


Ex-Im Bank expands programmes to finance US exports to...

The Export-Import Bank of the United States (Ex-Im Bank) will offer expanded financing opportunities for US exports to the public…

#bank#emerging markets#exports


Ex-Im Bank offers help to New England exporters to...

The Export-Import Bank of the United States (Ex-Im Bank) in cooperation with the US Department of Commerce, Small Business Administration,…

#bank#exporters#international


Desarrollo buys 70% stake in factoring unit

Chile's Banco del Desarrollo announced that it has purchased a 70% stake in factoring company Bandesarrollo Factoring for an undisclosed…


Most SMEs operate without bank finance

Argentine banks reach only 23% of small- and medium-sized enterprises (SMEs) in the country with their financing options, according to…

#bank#bank loan#guarantees


Alleged MX Factors fraud case latest; judge freezes assets...

Riverside, California firm MX Factors and its two Inland Empire investment arms -- all three accused of running a multi-million-dollar…

#Corona#i#investment


GE Commercial Finance expect double-digit profit growth in 2004,...

General Electric Co.'s (GE) huge commercial finance arm, in contrast to its parent company, continues to expect another year of…

#commercial finance#conference


Guarantee provided by IPI Financial Services to GMAC Commercial...

IP Innovations Financial Services, Inc., a provider of specialised financial guarantees and credit enhancements, has successfully assisted GMAC Commercial Finance…


CEO says Desarrollo to up loans 7% this year,...

Chilean bank Banco del Desarrollo is planning to up its total loan portfolio 7% this year. The bank will see…

#bank#commercial lending#Credit Agricole


Poor jobs news and weak economic growth hopes balanced...

The feeble job growth in the government's February employment report surprised economists and made the markets shudder, but the prospect…

#exporters#interest rates#management

President of factoring company seeks reversal of court order...

The president of MX Factors, the Riverside-based firm accused of operating a Ponzi scheme, is seeking to overturn the court…

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