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Mexico

Nafin, Ex-Im Bank in SME credit hook-up

Mexican development bank, Nacional Financiera (Nafin) and the American export and import bank Ex-Im Bank signed an agreement to grant loans to small- and medium-sized enterprises (SMEs). The agreement allows the granting of loans in pesos and dollars to Mexican...

Factoring firms profits drop 14.6% in 2004

Between January and September this year, the earnings of the 15 factoring companies in Mexico reached 137.3 million pesos (US$12.3m),…

#3M#factoring industry


ALIDE to increase financing to Latin American SMEs

The Latin American Association of Development Finance Institutions (ALIDE) is planning to join forces with other organisations in order to…

#bank#banks#Jobs


Non-bank banks including factoring firms boost financing 9.1% in...

During the first half of the year, financing offered by Limited Purpose Financial Companies (Sofoles), or non-bank banks, increased by…

#bank#banks#insolvency


Bancomer to issue US$526m in small business loans through...

Mexico's largest financial group BBVA Bancomer at a Wednesday press conference unveiled a program to issue 6bn pesos (US$526m) in…


Serfin opens US$87m SME credit line under new alliance

Mexico's thir- largest bank Santander Serfin has set aside 1bn pesos (US$86.8m) for loans to small- and medium-sized enterprises (SMEs)…


New niche bank to compete with factors and others...

The official unveiling of Mexico's newest bank, Banco Ve por Mas, on 11 October was welcome news indeed for a…


Nafin back in black with US$10m profit in first...

Mexico's largest development bank Nacional Financiero (Nafin) reported first half net income of 113m pesos (US$9.9m), compared to losses of…

#bank#banks#business finance


Nafin back in black

Mexico's largest development bank Nacional Financiero (Nafin) reported first half net income of 113m pesos (US$9.9m), compared to losses of…


Banamex launches SME online service – Mexico

Mexico's second largest bank Banamex has launched an online financial services portal for small and medium-sized enterprises (SMEs), the company…


Factoring industry profits face double-digit declines in H1

Mexico's factoring industry reported net income of 84.5m pesos (US$7.3m) in the first half of 2004, a 16 per cent…


Newcomers to move into factoring market

There are 16 factoring companies in the Mexican factoring market, the largest of them being Factor Banorte, Heller Financial and…

#banks#BBVA

Bancomext loans up 10%; most to SMEs

Mexico's national foreign trade bank Bancomext issued US$2.1bn in loans to support export activities in the first five months of…

#bank#exports#smes

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