The Peruvian banking regulator SBS is currently studying requests submitted by two local financial institutions interested in the factoring and leasing businesses, a representative from the SBS.
Peruvian agriculture development bank Agrobanco aims to place some 80m nuevo soles (US$24.5m) in direct loans in 2005, local press reported bank president Carlos Garatea as saying.
Competition in the micro lending and small-and medium-sized enterprise (SME) financing sectors in Peru is stiffening because of a boom among niche non-bank financial institutions such as municipal and rural credit unions, financial holding Credico
According to a statement from the banking regulator SBS, the Peruvian congress has approved a law that allows non-bank entities to perform factoring operations, issue debit cards, offer consultancy services and conduct foreign trade related operat
Several Peruvian insurers are likely to offer a new government-backed export credit insurance product next year, according to national foreign trade director Juan Carlos Mathews, speaking at Peru's foreign trade and tourism ministry.
Several of Peru's largest banks have signed up for the government's new credit insurance for small- and medium-sized exporters (SMEs), according to an official from government-run development bank Cofide.
