Independent factors become victims of financial crisis
Chilean banks are transposing their liquidity problems to non-bank factoring providers via higher financing rates, according to reports from South America.
Chilean banks are transposing their liquidity problems to non-bank factoring providers via higher financing rates, according to reports from South America.
Factorline has issued their financial results for the first nine months of 2011.
The Guarantee Fund for Small Business (FOGAPE) has awarded a total of CLF 7,772,000 (US$334 million) to encourage the financing of the production sector.
Chilean-based Factorline has announced that the SVS paid capital of the company rose 47 per cent to US$55.15 billion.
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.