HSBC joins Infonavit credit scoring alliance

The Mexican unit of British bank HSBC announced it had joined a small business credit scoring alliance with government home finance agency Infonavit. HSBC, the fifth-biggest bank in Mexico

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

The National Foreign Trade Bank (Bancomext) has reported that this year it will channel US$5.8 billion to finances businesses, especially small- and medium-sized enterprises (SMEs), said Hйctor Reyes Retana, director general of the institution.

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).

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), which was a decrease of 14.6% compared to the same period of 2003.

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 increase financing for small-and medium-sized enterprises (SMEs) in Latin America.