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Americas

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 a resurgence in commercial lending in 2004 due to an expectant upswing in the local economy, according to CEO Hugo...

#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…


Ex-Im bank approves US$60 million credit for Mexican utility

The Export-Import Bank of the United States (Ex-Im Bank) approved a US$60 million credit guarantee facility to back the purchase…


Acquisition of factor extends First National's lending presence to...

First Community Bancorp today announced that it completed its previously announced acquisition of First Community Financial Corp., or FC Financial,…


New factor and asset-based financier posts profit

Greenfield Commercial Credit (Canada) Inc. is pleased to announce that after only 7 months of full operations as a specialty…


Laurentian Commercial Financial results announced

Laurentian’s Commercial Financial Services, which handles commercial loans and larger financings as part of banking syndicates and factoring, leasing and…

#bank#commercial lending#financial services


Bridge Bank expands Capital Finance Group

Daniel P. Myers, president and chief executive officer of Bridge Bank, National Association, has announced that Scott Chamberlin, a 12-year…

#bank#Bank of America#financial services


4,000 companies closed in 2003

Sergio Garcнa de Alba, under secretary for small- and medium-sized enterprises (SMEs) of the Economy Secretariat, reported that 4,000 SMEs…


Accord factoring volume at record level in 2003

Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and…


Delay in new law affects financial intermediaries negatively

The delay by the Treasury Secretariat in defining a new law has setback the plans of specialised financial intermediaries, according…


Banco do Brasil boosts export lending 17%; SMEs benefit

Brazilian federal bank Banco do Brasil (BB) boosted export lending under its Proex programme by 17% in January to US$9.6m,…

Insurance Company Enters US Credit Insurance Market

Building on 10 years of steady growth in North America, Coface Holding Company, N.A., a unit of Coface Group, today…

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