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Chile

Regulator rejects Banco Progreso licence request

Chile's banking regulator SBIF has announced its rejection of a banking licence request from Banco Progreso. Progreso plans to offer factoring, leasing, property leasing and consumer credit products from offices in Santiago and from branches in regions V and VIII....

The King champions Spanish small businesses

King Juan Carlos of Spain championed small businesses during his official visit to Chile. In a meeting in Santiago between…


Factoring industry posts US$20m profit

Chile's factoring industry posted total profits of around 11bn pesos (almost US$20m) in 2003 with income set to increase this…

#exports#factoring industry#international


Factoring industry anticipates income increase in 2004

Chile's factoring industry expects to post total profits of around 11bn pesos (US$18.1m) in 2003, with income forecast to jump…


SME bank HNS ups capital 24.3%

Niche bank Banco HNS has increased its capital base 24.3% to 13.4bn pesos (US$21.3m) following a capital injection of 2.63bn…

#3M#bank#smes


Change in invoice law to boost factoring operations

The Chamber of Deputies has approved a bill granting invoices executive status, which forces payment without the need for long…

#guarantees#invoice#receivables


Banchile Factoring forecasts 165% jump in loans

Chile's Banchile Factoring Internacional, part of the Banco de Chile group, expects to hold a loan portfolio of 80bn pesos…

#bank#smes


e-invoicing pilot complete and thrown open to SMEs countrywide

Chilean tax regulators will conclude a pilot electronic invoicing project on Tuesday, 2 September and will open up the service…

#digital#electronic invoicing#small businesses


Factoring industry boosts profits by 27%

Chile's factoring industry posted profits of 5.21bn pesos (US$7.45m) in the first half this year, up 27% compared to the…

#banks#factoring industry#smes


Banco del Desarrollo to acquire factoring business despite profits...

Chile's Banco del Desarrollo saw first half net profits drop 5.85% year on year to 3.4bn pesos (US$4.9m), mainly due…


Coface reports sparkling first half results as it dominates...

The Chilean subsidiary of France-based trade insurance provider Coface accounted for 45.7% of the local export credit insurance market as…


BankBoston eyes SME segment this year

Chile's BankBoston, a wholly owned branch of US-based financial group FleetBoston, will turn its focus to the small- and medium-sized…

Credit insurance to boost non-bank factoring

According to Jose Schachner, chairman of Chile's factoring association, non-bank factoring companies in Chile are betting on credit insurance to…

#bank#Boost#insurance

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