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Chile

Factoring volumes rocket 186pc in H1

The factoring operations of Chilean banks have seen “explosive” growth in the first half of 2004. The factoring volumes for banks reporting to Chile's financial system regulator Sbif jumped 186 per cent to 155bn pesos in the first six months...

Country’s third largest factor receives ratings boost

Grupo Security, the financial services conglomerate and owner of Factoring Security, the third largest factor by market share in Chile,…

#bank#bonds#financial services


Credit insurance market under performing

Chile's first quarter credit insurance sales reached 928.5m pesos (US$1.4m), an 18.2% increase over the 785.6m pesos posted in the…

#insurance#management#receivables


Coface unit forecasts 30 per cent increase in profits

The Chilean unit of French commercial insurer Coface expects profits to grow 30 per cent this year, company executive Louis…

#bank#conference#management


Chile’s factors reap bumper returns

The four factoring companies registered with the Chilean stock and exchange commission (SVS) yesterday posted a combined profit of Pesos…


Corfo earmarked US$80m for SMEs in 2003, outlines plans...

Chile's state business development agency Corfo has reported that it issued more than 50bn pesos (US$80m) in loans last year…

#investment#smes#Vice president


Merger to be completed this year

Financial services conglomerate Grupo Security expects to complete the merger between its bank Banco Security and the Chilean subsidiary of…

#acquisition#bank#financial services


Coface and Asexma renew export services alliance

The Chilean subsidiary of French credit insurance giant Coface and Chile's Association of Manufacturers and Service Exporters (Asexma) have announced…


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…

#acquisition#bank


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…


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


Anfac calls for factoring regulation

Chile's factoring industry would only become subject to official state regulation if the companies concerned were to begin to handle…

#bank#factoring industry#factoring regulation

Banco de Chile report solid performance from factoring unit...

Banco de Chile has posted net income of 130bn pesos (US$220m) for last year, up 146% compared to 2002 on…

#bank

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