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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
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 premiums in Chile are set to grow 30% this year, reaching US$15.6 million compared with last year, according…
#insurance#international#Two
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 is considering buying a factoring company. The decision follows the bank's recent acquisition of Banco Sudameris from…
#acquisition#bank
Chile's state-sponsored loan guarantee fund Fogape has auctioned a total of US$77m in loan guarantees for small company lending to…
Intesa sold its Sudameris banking franchise in Chile to Desarrollo last month in return for US$30m in newly issued Desarrollo…
Chile's free trade agreement (FTA) with the European Union (EU) and the imminent agreement with the US could lure international…
#banks#Boost#international
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
Chilean small business bank, Banco del Desarrollo, plans to buy a factoring agency during the first half of 2003. Acquisition…
#3M#bank#small business
Chilean financial services group Grupo Security comprising a bank, a factoring unit, a stock brokerage, and a mutual fund announced…
#bank#Boost#financial services
Chile's central bank has authorised credit unions to request loans from foreign and local financial institutions as part of a…
The Chilean unit of French credit insurance company Coface saw its premiums grow 34% during 2002 and booked net income…