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Mexico

GE Capital to double small business client base in...

GE Capital Bank is shifting its Mexican business strategy to greater lending to small- and medium-sized enterprises (SMEs), local daily El Norte reported. "In the past we were focused on the corporate market, always doing tailor-made suits, but with the...

Government proposed changes to the law will impact factors

The Mexican government will propose modifications to the Auxiliary Credit Organizations Law over the coming months, which would apply to…

#leasing#risk#Vice president


Bancomext to grant US$8.2bn credit to SMEs in 2003

In 2003, the Mexican Foreign Trade Bank (Bancomext) expects to channel resources of US$8.2bn to companies, especially small and medium-sized…


Microsoft to finance SMEs

Microsoft, through its branch MS Capital and other credit institutions, will offer financing to small- and medium-sized enterprises (SMEs) and…


Bancomext estimates 5% growth in exports this year

The Mexican Foreign Trade Bank (Bancomext) estimates that Mexican exports could grow by 5% during 2003, a year in which…

#bank#channel#exports


IFC grants Banorte US$100 million for SMEs

The International Finance Corporation (IFC) of the World Bank has granted a US$100-million credit line to Grupo Financiero Banorte to…


Banks Begin Lending to SMEs Again

Mexico's private commercial banks have re-started lending to the country's small- and medium-sized enterprises (SMEs), local financial daily El Economista…

#bank#banks#SME lending


Banca Quadrum Goes into CNBV Administration

Mexico's Comision Nacional Bancaria y de Valores (CNBV) has stepped in to administrate Banca Quadrum, one of the 'new' banks…


ING Acquires Controlling Interest in Seguros Comercial America

The diversified group of companies called Savia has announced that it has reached a final agreement with ING Group, under…


Factoraje Comercial America Reports Fourth Quarter and Full Year...

Factoraje Comercial America S.A. de C.V., the factoring subsidiary of one of Mexico’s leading insurance companies (Seguros Comercial America), today…

#insurance


Grupo Financiero Santander Mexicano Report Third Quarter Results as...

The finance group Santander Mexicano has today announced a net income of P$677 million for the third quarter of 2000,…

#insurance


Lack of Information Threatens Lending

Fears have been voiced by a Mexican banker that inadequacies in the provision of information are threatening lenders. Victor Borras,…

#BBVA#cash-flow#i

Positive Reaction to Mexican Election

The election result for 2 July was better than expected. The financial markets reacted very well, with falls in country…

#interest#interest rates#risk

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