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 dip by 4% to pesos15.3bn at end-2006 over end-2005.

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

The International Finance Corporation (IFC), the private sector arm of the World Bank, says it will invest as much as US$45m in Mexico's Banco del Bajio. The equity investment will help Bajio to expand its lending