Chile

The Chilean credit insurance unit of Spain's Mapfre is looking to grow premiums 20% this year to some pesos 6.44bn (US$12.0m), according to Mapfre Garantias y Credito CEO Rodrigo Campero.

Rabobank will buy 100% of HNS' shares from its owners, General Electric's GE Commercial Finance and the local Ergas family, the Dutch bank said in a press release distributed from Amsterdam.

Chile's Factorline will enter the fast-growing consumer finance market this year through a new unit, reported Factorline general manager Sergio Contardo Factorline is the

Chile's Massu group has acquired a 41.2% additional stake in local international factoring firm Factorline for an undisclosed sum, Factorline announced to the Santiago stock exchange in a filing. Inversiones

The Chilean unit of French credit insurer Coface expects its recently launched international factoring business to represent 50% of its consolidated bottom line in 3-4 years, CEO

CorpBanca S.A. has been added to the NASDAQ, AMEX and NYSE. CorpBanca S.A. and its subsidiaries provide general commercial and consumer banking which includes factoring services,

The bank is a small niche player mainly focused on the SME segment. The new owners will add leasing and factoring to the bank's business lineup

The unit was acquired by its parent company, local financial services holding Empresas Penta last year

Factoring has only been available in Chile for about 15 years and hence the industry is at a relatively immature stage of development. However, the Chilean factoring industry has grown