SMEs exceed targets set for new exporters
So far this year, 1,150 small- and medium-sized enterprises (SMEs) have joined the export market, reported the undersecretary for the SME sector, Sergio Garcнa de Alba.
So far this year, 1,150 small- and medium-sized enterprises (SMEs) have joined the export market, reported the undersecretary for the SME sector, Sergio Garcнa de Alba.
Mexico's 16 factoring companies reported consolidated net income of 101 million pesos (US$9.03m) during the second quarter 2003, up 28.7% compared to the same time last year, according to statistics released by the banking regulator.
The state credit organization (Nafin) and National Foreign Trade Bank (Bancomext) will merge this month in a move aimed to reduce the requirements for small- and medium-sized enterprises (SMEs) so that they can export their products more easily.
A total of 1,104 small- and medium-sized enterprises (SMEs) received US$3.981 billion in loans from Mexico's National Foreign Trade Bank in the first eight months of the year.
State development bank Nacional Financiera (Nafin) will channel more than 3 billion pesos (US$ 273.7 million) in loans to small- and medium-sized companies (SMEs) in the northern state of Coahuila this year, reported officials from the institution
The Secretariat of the Economy (SE) has signed a collaboration agreement with the National Financing Agency (Nafin) that will allow support to be granted to more than 3,500 small- and medium-sized enterprises (SMEs) with loans for a total of 250 m
Mexican leasing association AMAF will ask congress in the next legislative session to change the legal status of its members to that of special purpose finance companies, AMAF chairman Jose Alfredo Chacon told local daily El Economista.
The commercial banking sector needs to recover ground lost to the suppliers that have become the primary credit sources for the small- and medium-sized enterprise (SME) sector, said Roberto Martнnez Martнn, the business director of BBVA Bancomer
Mexican regulators have authorized local insurer Euler Seguros Mexico to sell credit risk insurance, local daily El Universal reported.
Euler will sell coverage to medium and large companies with at least US$10mn in annual sales.
Mexico's warehousing association AMAGDE and credit union association ConUnion are lobbying regulators to allow them to provide a broader range of financial services, local daily El Financiero reported.