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While the demand from small- and medium-sized enterprises (SMEs) for credit is increasing, companies are obtaining funds from the credit unions rather than from banks. Credit unions are becoming the main source of finance for the SME sector due to...
The Mexican Foreign Trade Bank (Bancomext) invested 19.92 billion pesos (US$1.91 billion) to support export-related activities between January and May,…
With the backing of the Economy Secretariat, Nacional Financiera (Nafin) and the commercial banking sector, the Secretariat of Tourism (Sectur)…
#bank#economy#investments
The 11 factoring companies belonging to Mexican factoring association AMEFAC expect that their monthly credit operations in 2003 will exceed…
#factoring industry#Two
The Mexican Foreign Trade Bank (Bancomext) reported that between January and April it has provided financing of 14.13 billion pesos…
Of all the small- and medium-sized enterprises (SMEs) that start operations in the domestic market 70% close down two years…
#bank#economy#Produce
Leading Mexican banks Santander Serfin, Banco Bital and BBVA Bancomer have made only 30% of the 15,800 small business loans…
#BBVA#commercial lending#guarantees
GE Capital Bank is shifting its Mexican business strategy to greater lending to small- and medium-sized enterprises (SMEs), local daily…
The Mexican government will propose modifications to the Auxiliary Credit Organizations Law over the coming months, which would apply to…
#leasing#risk#Vice president
In 2003, the Mexican Foreign Trade Bank (Bancomext) expects to channel resources of US$8.2bn to companies, especially small and medium-sized…
Microsoft, through its branch MS Capital and other credit institutions, will offer financing to small- and medium-sized enterprises (SMEs) and…
The Mexican Foreign Trade Bank (Bancomext) estimates that Mexican exports could grow by 5% during 2003, a year in which…
#bank#channel#exports
The International Finance Corporation (IFC) of the World Bank has granted a US$100-million credit line to Grupo Financiero Banorte to…