Chile

Feller Rate has assigned its BBB/Level 2 rating to Chilean factoring company Eurocapital's peso 5.45bn (US$10m) commercial debt

Chilean bank HNS Banco has completed a peso 592m (US$1.10m) capital increase to finance its loan growth over the next few years, the bank announced.

The Chilean credit insurance market will likely grow 8-10% annually over the next three years due to rising demand from medium-sized firms, according to

Chile's factoring industry association Anfac aims to issue a one- to four-year US$40m securitised bond by September, according to Anfac president Jose Schachner

The Inter-American Investment Corporation (IIC) has approved a loan of up to US$3m to the seventh largest factoring company in Chile for

Chile's factoring industry will see growth from its international operations slowing  this year due to an exceptional performance in 2005, according to a top factoring executive

Continental commands a 54% market share in the credit insurance market, which is only serviced by two other companies

Grupo Security's banking and factoring businesses are expected to see loans growth of above 10% this year with

Chilean bank Banco Internacional aims to boost 2006 profits 10% from 2.01bn pesos (US$3.87m) posted last year. Banco Internacional is mulling an entry into the fast growing factoring business

Chile's fourth largest bank Bci launched a 10bn-peso (US$19m) revolving facility to refinance debts of some 1,500 of its own small- and medium-sized (SME) customers, says CEO Lionel Olavarría