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The 11 factoring companies belonging to Mexican factoring association AMEFAC expect that their monthly credit operations in 2003 will exceed the 3.98bn pesos (US$380mn) loaned the previous year, AMEFAC chairman Guillermo Lagos Espinosa said yesterday. Factoring companies have been helped...
#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…
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
Mexico's Comision Nacional Bancaria y de Valores (CNBV) has stepped in to administrate Banca Quadrum, one of the 'new' banks…
The diversified group of companies called Savia has announced that it has reached a final agreement with ING Group, under…