Chile

Banco Internacional plans to facilitate the development of factoring, leasing and real estate financing for the SME sector.

Gosocket announced it received USD1.5 million in private investment.

Distribuidora Rabie filed for bankruptcy, leaving USD150million of unpaid loans.

The board of the National Association of Factoring AG (ANFAC) - Chile's factoring association -  has unanimously agreed to renew three of the five directors, who have led the table since June 2011, for a further two years.

Bankrupt Pesca Chile's subsidiaries are waiting for a buyer.

Achef and Achel have held an Entrepreneurship in Innovation event in Mostazal.

Ramon Eluchans would start in new leadership role within the Bank Security, including governing of a Factoring Bank.

Chilean Congress discussed new regulatory initiatives on mandatory use of e-invoicing and deferred tax credit of VAT.

In the past year non-bank factoring institutions posted a growth in an excess of 37pc, while banks factoring volume fell short of expectations.

Electronic factoring is projected to grow about 20pc this year in Chile.