Peru

A new Peruvian office of Latin American foreign trade bank, Bladex, will focus on directly serving firms with annual revenues between US$20 million and US$150 million, BNamericas reported.

Pedro Ayin, Global Trade and Products Manager, Interbank, provides an overview of the Greek factoring market, covering industry environment, market performance, supply and future trends, for the World Factoring Yearbook 2011.

Factoring reaches 0.8 per cent share of total funding provided by Peruvian financial institutions

The Minister of Production confirmed the dates of Factoring Act coming into force as he has launched the Guarantee Program for Entrepreneurs

Correction to Factoring act to take effect in June, 20 April 2011

President Alan Garcia signed the new law on receivables financing

Amerika Financiera SA merges with America Factoring Finance SA

New legislation, which allows Peruvian micro and small enterprises to factor their invoices, was passed by the government.

Another step towards the introduction of a legal framework for receivables was taken by Peruvian legislators...

In June, Peru began development of the country s first factoring bill. Factorscan speaks to Francisco Paz, Business Services, Banco de Credito BCP, about the progress of the bill and how it might shape the future of factoring in the region.