Non-bank Chilean factors made $890m in loans in H1 2011

Chile's National Association of Factoring Companies (ANFAC), which brings together the ten largest non-bank firms in this sector, has revealed that during the first half of 2011 these companies held total loans of over USD$890 million in equity financing for SMEs.

Factorline completes Tanner deal

Factorline, the Chilean receivables finance specialist, has announced the completion of its acquisition of a new stake in the bank holding company, Tanner.

The Chilean Factoring Industry

By Julio Nielsen, International Manager at Factorline, provides an overview of the Chilean factoring market, covering industry environment, market performance, supply and future trends.

Factoring act to take effect in June

Chile s Ministry of Production expects that the Ministry of Economy and Finance Act to promote factoring will take effect from June 5 this year. The Minister of Production, Jorge Villasante