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The Chilean subsidiary of French credit insurer Coface is aiming to grow premiums by 20% this year on the back of strong demand for export credit insurance, said Chile Louis des Cars, CEO of Coface. Coface reported premiums of 3.1bn...
#3M#debt collection#export credit insurance
Chilean state-run bank BancoEstado plans to open a unit specialising in factoring during the second half this year, local press…
The Chilean factoring industry moved US$5.5bn in 2004, a 20% increase compared to the previous year. Growth of similar rates…
#factoring industry#international#international factoring
The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) has approved a US$5m loan for Chile to finance…
#3M#bank#exports
Chilean financial group Grupo Security's factoring division holds a 12% market share and pulls in about 26% of the group's…
Rates are bound to fall as invoices get executive title. On 19 October, Congress approved a law that grants invoices…
The Chilean unit of Spanish financial group BBVA (NYSE: BBV) expects to boost lending to SMEs by 25% this year…
#bank#BBVA#Boost
Chilean financial group Grupo Security will make a capital increase of between US$50m-60m on 11 November this year, local press…
#insurance#security
Chile's Banco Security is expecting a 10% annual growth in loan placements, boosted by a capital increase from its parent…
Chilean financial group Grupo Security plans to make a capital increase of more than US$55m during the first half of…
The new standardised financial information file (FECU) for small- and medium-size enterprises (SMEs) will strengthen competition and benefit small companies…
The Chilean banking regulator, Sbif, and the local banking association, Abif, signed an agreement to create a standardised financial information…
A coming tightening in monetary policy, after years of lower interest rates to stimulate growth, is good news for Chile…