Banregio gets go ahead for factoring operation

Mexican bank Banco Regional de Monterrey (Banregio) has received authorisation to set up a financial group
Mexico's credit insurance market could expand by up to 25% this year as an increasing number of companies look to insure their accounts receivable, Atradius Mexico CEO Karel van Laack told.
Mexico's largest credit insurer Atradius Mйxico said its profits fell 22% in 2004 because of higher reserve provisions.
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.
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.