Leading Mexican banks Santander Serfin, Banco Bital and BBVA Bancomer have made only 30% of the 15,800 small business loans previously pledged under a government sponsored loan programme, according to the economy ministry's business promotion chie
GE Capital Bank is shifting its Mexican business strategy to greater lending to small- and medium-sized enterprises (SMEs), local daily El Norte reported.
The Mexican government will propose modifications to the Auxiliary Credit Organizations Law over the coming months, which would apply to limited purpose financial companies (sofoles), factoring companies, financial leasing companies and general de
In 2003, the Mexican Foreign Trade Bank (Bancomext) expects to channel resources of US$8.2bn to companies, especially small and medium-sized enterprises (SMEs)
Microsoft, through its branch MS Capital and other credit institutions, will offer financing to small- and medium-sized enterprises (SMEs) and individuals to acquire computer equipment, reported Felipe Sбnchez, general director of Microsoft Mexico
The Mexican Foreign Trade Bank (Bancomext) estimates that Mexican exports could grow by 5% during 2003, a year in which the bank expects to channel US$8.2 billion in credit to support the foreign trade sector.
The International Finance Corporation (IFC) of the World Bank has granted a US$100-million credit line to Grupo Financiero Banorte to support small and medium-sized enterprises (SMEs) in the export sector.
Mexico's private commercial banks have re-started lending to the country's small- and medium-sized enterprises (SMEs), local financial daily El Economista reported, quoting enterprise coordination council (CCE) chairman Hector Rangel.
Mexico's Comision Nacional Bancaria y de Valores (CNBV) has stepped in to administrate Banca Quadrum, one of the 'new' banks to appear in Mexico after privatisation of the sector.
The diversified group of companies called Savia has announced that it has reached a final agreement with ING Group, under which the Dutch financial services company will acquire all of the remaining outstanding shares of the subsidiary that holds
