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Venezuela

Venezuelan banking authority prohibits foreign currency for credit operations...

On 21 January 2021, the Office of the National Superintendent for Banking Sector... (more…)

#bank#guarantees#invoice

Banfoandes ups lending by 25% in August

Venezuelan development bank Banfoandes has upped lending by 24.6% in August, to bolívares (more…)


Bank lending rose in June to meet government targets...

Venezuela's banks and financial institutions increased lending in June for a fourth consecutive month as bankers sought to meet (more…)

#bank#banks#financial institutions


Bancoex SME lending jumps in H1

Banco de Comercio Exterior (Bancoex), the Venezuelan government's foreign trade bank, issued some 89.4bn bolivares (US$35.2m) in loans during the…

#3M#bank#SME lending


Cenbank to impose more caps on bank fees

Venezuela's central bank has approved a new set of bank controls, local press has  reported. The central bank will limit fees…


Micro loans up 194% at the end of February

Venezuela's financial system reported bolнvares 799bn (US$372m) in micro lending at the end of February this year, a 194% jump…


Corporate financial strategies in Venezuela

The sudden plunge in interest rates over the second half of 2003 has led to a resumption of corporate borrowing…


Business association calls for company debt moratorium

Venezuelan public and private sector banks will have to restructure the debts of small- and medium-sized enterprises (SMEs) that have…

#banks#interest#international


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