Creditors facing USD150m loss due to collapse of distribution group
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.
The International Finance Corporation and two funds managed by IFC Asset Management Company are to purchase approximately five per cent of CorpBanca common stock.