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Chile

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 increase their prestige and boost sales. Credit insurers have traditionally been wary of factoring companies because they produced a high...

#bank#Boost#insurance

Niche banks to begin business in 2004

Four new banks are considering opening niche operations in Chile in 2004. This will increase the degree of banking services…

#banking services#banks#financial services


Credit insurance to grow 30% this year

Credit insurance premiums in Chile are set to grow 30% this year, reaching US$15.6 million compared with last year, according…

#insurance#international#Two


Desarrollo studies factoring acquisition

Chilean bank Banco del Desarrollo is considering the acquisition of a factoring agency aimed at complementing its services to the…

#bank#Credit Agricole#small businesses


Banco del Desarrollo eyes factoring company

Banco del Desarrollo is considering buying a factoring company. The decision follows the bank's recent acquisition of Banco Sudameris from…

#acquisition#bank


Fogape auctions US$77m small company loan guarantees.

Chile's state-sponsored loan guarantee fund Fogape has auctioned a total of US$77m in loan guarantees for small company lending to…


Desarrollo boosts leasing activities and eyes up factoring agency

Intesa sold its Sudameris banking franchise in Chile to Desarrollo last month in return for US$30m in newly issued Desarrollo…


Free trade agreement provides niche opportunities for factors

Chile's free trade agreement (FTA) with the European Union (EU) and the imminent agreement with the US could lure international…

#banks#Boost#international


New banks to launch factoring, leasing and SME finance...

Progresso, the Chilean financial services company, is waiting for the go-ahead from local authorities to open its bank in January…

#bank#banks#financial services


Banco del Desarrollo planning to buy factor – talks...

Chilean small business bank, Banco del Desarrollo, plans to buy a factoring agency during the first half of 2003. Acquisition…

#3M#bank#small business


Restructured Grupo Security Q1 2003 profits soar 152%

Chilean financial services group Grupo Security comprising a bank, a factoring unit, a stock brokerage, and a mutual fund announced…

#bank#Boost#financial services


Central bank authorises larger credit unions to seek loans...

Chile's central bank has authorised credit unions to request loans from foreign and local financial institutions as part of a…

Chilean unit of Coface reports increase in income

The Chilean unit of French credit insurance company Coface saw its premiums grow 34% during 2002 and booked net income…

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