Register today to access recent news and articles.

Chile

Banking system posts US$594mn profits in November but show...

Chile's banking system had profits totaling 492bn pesos (US$594mn) for November, up 7.03% compared to the previous month, banking regulator SBIF said in a statement. However, November's profits were down 10.3% compared to the same month last year. Factoring had...

Development bank to grow lending for SMEs in 2003;...

Chilean development bank Banco del Desarrollo aims to grow lending 8-10% next year, compared to this year's forecast 3.6% growth,…

#bank#commercial lending#Credit Agricole


Local banker plans to buy into US

Chilean banker Odde Rishmague, who is engaged in factoring, financial advisory, and real estate in his home country, is planning…

#acquisition#bank#banks


Fast growth as factoring gets wider acceptance.

Factoring companies have increased their business by 8.2% from January to September to Pesos$1,228,287 million (US$1,820 million), according to estimates…


Inverlink to open bank targeted at SMEs

Chilean financial group Inverlink plans to file for a banking license before year-end with a view to opening a bank…


Factors face increased competitive pressures and financing difficulties

Greater competition and financing problems herald significant changes for Chile's factoring industry, local financial daily El Diario reported. The reduction…


Government Development Agency Grants Loan to Factoring Company

The Chilean government's industry development agency Corfo has granted a US$1mn loan to local factoring company Profactoring to help the…


Chilean Banks Wary of Lending Funds to SMEs

Chilean banks have used just 7% of a US$500million government-sponsored loan guarantee for small- and medium-sized enterprises (SMEs) debt restructuring…

#banks#economy#guarantee


Four Banks Contemplate Factoring Business

Four Chilean banks are contemplating the possibility of adding factoring to their financial product line-up, local financial daily Estrategia reported.…


Banco Santander-Chile and Banco Santiago Merge

Banco Santander Chile and Banco Santiago merged last Thursday. The merged bank has been named Banco Santander-Chile. Banco Santiago is…

#Banco Santander#bank#financial institution


Fitch Affirms Banco Santiago and Banco Santander Chile's Ratings

Fitch, the international rating agency, has affirmed Banco Santiago's (Santiago) foreign currency short-term 'F2', long-term 'A-' (Outlook Stable), local currency…

#bank#international#management


Banco Santander Rumoured to be Buying Banco Santiago

Rumours have been reported on the business information service Zephus.com that Banco Santander Central Hispano SA is to buy Banco…

#acquisition#Banco Santander#interest

Fitch Rates Banco De Chile

Fitch Ratings, the international rating agency, has assigned 'A-' long-term foreign currency (Rating Outlook Stable), 'F2' short-term foreign currency and…

#bank#banking services#banks

Our Sponsors
Our Events
View All
To top
BCR Publishing
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.