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 first six months of the year, said a Bancoex representative.
 
The bank's

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 on credit card cash withdrawals at ATMs at 5%, leasing and factoring operations at 3%,

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 compared to the same time 2004, local consultancy Softline Consultores said in a report.

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 been severely affected by the country's economic problems, business association Fedeindustria chairman Miguel Per