Colombia

Colombian credit insurer Segurexpo is planning an aggressive move into the domestic market, local paper La Repъblica reported.

Colombian credit insurer Segurexpo expects to close 2005 with sales of pesos 11.4bn (US$4.8m) commercial manager Josй David Lamk said.

Colombia's largest bank Bancolombia's saw lending to SMEs grow 45% to 1.5tn pesos (US$611m) through October this year compared to the same period 2003, the bank said in a statement.

State-run bank Bancafe should not be converted into a federal bank specializing in small-and medium- sized enterprise (SME) financing, local press reported Nancy Barry, president of Banco Mundial de la Mujer.

Colombia's export development bank Bancoldex will approve a new line of credit worth 1.5 trillion pesos (US$587m) for small- and medium-sized enterprises (SMEs), according to commerce minister Jorge Humberto Botero.

Loans from Colombia's state-owned export development bank Bancoldex to micro, small- and medium-sized enterprises will probably account for 35 per cent of the bank's total lending by December this year, Bancoldex said in a press release.

A new credit line from Colombia's state-owned export development bank Bancуldex totalling 1.5trillion pesos (US$584m) with a target market of fund small- and medium-sized enterprises (SMEs) will be ready in approximately 15 days.

Loans from Colombia's state-owned export development bank Bancoldex to micro-, small- and medium-sized enterprises grew 99% to 407bn pesos (US$153.4mn) in the first half of 2004 compared to same-period 2003, according to a bank statement.

Colombia's state-owned export development bank Banco de Comercio Exterior de Colombia (Bancуldex) issued loans totalling 502bn pesos (US$191m) to the country's corporate sector in the first quarter of this year.

Colombia's state development agency Findeter has launched a new line of credit totalling 70bn pesos (US$26.3m) to boost the country's small- and medium-sized enterprises (SMEs), Economia en Red (Economy Network) reported.