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Mexico

Grupo Financiero HSBC results show factoring up 250% in...

Grupo Financiero HSBC, S.A. DE C.V's Commercial Banking total operating income increased 2.5% compared to same period in 2007. (more…)

Private sector lending up 25% in 12 months to...

Credit granted by Mexico's commercial banks to the private sector rose 24.5% in real terms to pesos1.57tn (US$147bn) at end-February.…


HSBC Mexico Q3 2007 financial results

For the nine months ended 30 September 2007, Grupo Financiero HSBCs net income was 10.8%, lower than the same period…


Sofoles H1 profits rise 2.7 %

Sofoles posted first half net profits of pesos2.99bn (US$277m), a 2.77% rise over 1H06. (more…)

#bank#commercial lending#financial services


BBVA unit aims for US$1.77bn in SME loans at...

Mexico's largest bank BBVA Bancomer is aiming for US$636m in new SME loans this year to expand its loan book…

#bank#IMF#risk


Factoring companies earnings up 5pc

Mexico's factoring companies recorded earnings of pesos 268m last year, up 5% on 2005. Factoring companies saw their loan portfolios…


S&P assigns ratings to Atradius Seguros de Crйdito

The Mexican office of Standard Poor's (S P) has assigned its mxAA counterparty and financial strength national scale ratings to…

#Atradius#export credit insurance#insurance


Deregulation of credit, financial leasing and factoring activities in...

The deregulation of credit, financial leasing and factoring activities in Mexico will have a major impact on both buyers and…

#anti-money laundering#bank#interest rates


IFC to invest up to US$45m in Banco Del...

The International Finance Corporation (IFC), the private sector arm of the World Bank, says it will invest as much as…


S&P upgrades Afirme Grupo Financiero outlook

Standard and Poor's has revised the outlook on Mexican financial group Afirme to (more…)

#bank#insurance#investment


Banks lend US$27m during SME event

Mexican banks have granted pesos 294m (US$27.1m) in loans to small- and medium-sized enterprises (SMEs) during Semana Pyme 2006 (more…)

#banks#smes


BBVA Bancomer to lend US$1.1bn to SMEs in 2006

Mexico's largest bank BBVA Bancomer expects to lend 12bn pesos (US$1.1bn) to about 47,000 SMEs this year. The funds form…

Credit insurance market will grow by 15-20% in 2006...

Company executives said  Mexico and Brazil wil,l in the medium term, become the largest credit insurance markets in Latin America…

#3M#Atradius#insurance

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