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Mexico

HSBC enters small business financing agreement

Mexico's fourth largest bank HSBC Mexico has signed a small business financing agreement with the economy ministry and development fund Fundes, the bank announced in a statement. During the first three months of the programme, HSBC could lend up to...

Bancomext to provide US$5.8bn in financing for SMEs this...

The National Foreign Trade Bank (Bancomext) has reported that this year it will channel US$5.8 billion to finances businesses, especially…


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…


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…

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