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Mexico's financial leasing companies should issue 12bn pesos (US$1.09bn) in new loans in 2004, up 71% from an estimated 7bn pesos last year thanks to pent up demand from small- and mid-sized businesses (SMEs) eager to modernise their equipment. "If...
Mexico's 16 factoring companies reported consolidated net income of 153m pesos (US$14m) during the third quarter of 2003, up 30%…
The Mexican subsidiary of international ratings agency Moody's has assigned the factoring and leasing subsidiaries of local financial group Banorte…
#bank#international#leasing
Mexico's government has kept the door open to a possible merger involving Ex-Im bank Bancomext and small business development bank…
#bank#banks#small business
Although the budget assigned to the Under-secretariat of Small- and Medium-Sized Enterprises (SMEs) of the Economy Secretariat will be similar…
Mexican transport conglomerate Grupo TMM has closed a further US$25 million of certificates under a receivables securitisation programme, worth a…
#bank#commercial finance#receivables
Mexico's financial leasing companies are in for a good year in 2004 irrespective of whether congress approves fiscal and energy…
Mexico's factoring companies, leasing companies, warehouses and credit unions hope the government will submit a bill to congress next year…
Mexican President Vicente Fox has named Hector Reyes Retana as the new CEO of Exim bank, Banco Nacional de Comercio…
#bank#banks#Exim Bank
The quality of the regulatory framework in Mexico registered an improvement of 8.3 percentage points from 50.2% in 2001 to…
#smes
So far this year, 1,150 small- and medium-sized enterprises (SMEs) have joined the export market, reported the undersecretary for the…
#economy#exporters#smes
Mexico's 16 factoring companies reported consolidated net income of 101 million pesos (US$9.03m) during the second quarter 2003, up 28.7%…
The state credit organization (Nafin) and National Foreign Trade Bank (Bancomext) will merge this month in a move aimed to…
#bank#Paid#smes