Latin America's Business Information Leader
Banking News - Wednesday, March 31, 2010
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Free Content of the day
* Sofisa not worried about big banks, sees rising spreads in SME lending - Brazil
Brazilian midsize bank Sofisa has decided to return its focus to SME lending to take advantage of what the bank expects to be its increasing margins and is ready to face competition from its larger peers, vice-chairman André Jafferian Neto told BNamericas.
On Monday (Mar 29), Sofisa announced a deal to sell its consumer finance unit Sofcred and a portion of its retail loan portfolio to Banco Fibra for 120mn reais (US$66.4mn).
"The principal focus of Banco Sofisa is the middle market, just as i ... more
http://www.bnamericas.com/news/banking/Sofisa_not_worried_about_big_banks,_sees_rising_spreads_in_SME_lending/180776099
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In-deph interview
* Renato OlivaPresident - ABBC<p><em>Brazil's midsize banking association ABBC has had a lot of work this year, fighting off exclusive contracts of federally controlled Banco do Brasil (BB) in various states and municipalities acr... more
http://www.bnamericas.com/interviews/banking/Renato_Oliva_,ABBC,/180776099
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Free Past News
* Infonavit to issue US$1.25bn in Cedevis in 2010 - 03-29-2010 - Mexico
http://www.bnamericas.com/news/banking/Infonavit_to_issue_US*1,25bn_in_Cedevis_in_2010/180776099
* CEF to issue US$27.7mn in new 2-year debt instrument, but just testing waters - VP - 03-26-2010 - Brazil
http://www.bnamericas.com/news/banking/CEF_plans_to_issue_US*27,7mn_in_new_2-year_debt_instrument_for_banks/180776099
* Fovissste to issue up to US$1.44bn RMBS this year - CEO - 03-25-2010 - Mexico
http://www.bnamericas.com/news/banking/Fovissste_to_issue_up_to_US*1,44bn_RMBS_this_year_-_CEO/180776099
* Brazil launches regional financial center project BRAiN, focusing on Chile, Colombia, Peru - 03-24-2010 - Brazil, Regional
http://www.bnamericas.com/news/banking/Brazil_launches_regional_financial_center_project_BRAiN,_focusing_on_Chile,_Colombia,_Peru/180776099
* Banorte sees purchase opportunities among Sofoles - 03-23-2010 - Mexico
http://www.bnamericas.com/news/banking/Banorte_sees_purchase_opportunities_among_Sofoles/180776099
* IDB board of governors agrees on US$70bn capital increase - 03-22-2010 - Regional
http://www.bnamericas.com/news/banking/IDB_board_of_governors_agrees_on_US*70bn_capital_increase/180776099
* Agricultural risk fund is an important step, but execution will be needed - BB - 03-19-2010 - Brazil
http://www.bnamericas.com/news/banking/Agricultural_risk_fund_is_an_important_step,_but_execution_will_be_needed_-_BB/180776099
* Santander launches card acquirer Santander Conta Integrada with Getnet - 03-18-2010 - Brazil
http://www.bnamericas.com/news/banking/Santander_launches_card_acquirer_Santander_Conta_Integrada_with_GetNet/180776099
* Redecard confirms Visa deal preparation for July 1 - 03-17-2010 - Brazil
http://www.bnamericas.com/news/banking/Redecard_confirms_Visa_deal_preparation_for_July_1/180776099
* Oriental raises US$86.6mn from stock offering - 03-16-2010 - Puerto Rico
http://www.bnamericas.com/news/banking/Oriental_raises_US*86,6mn_from_stock_offering/180776099
* Citi to increase stake in Banco de Chile controller to 50% - 03-15-2010 - Chile
http://www.bnamericas.com/news/banking/Citi_to_increase_stake_in_Banco_de_Chile_controller_to_50*/180776099
* JDX exchange should bring positive effects to wide swath of financials, says CariCRIS - 03-12-2010 - Caribbean
http://www.bnamericas.com/news/banking/JDX_exchange_should_bring_positive_effects_to_wide_swath_of_financials,_says_CariCRIS/180776099
* CAF could raise more than US$1.2bn this year on regional, global markets - 03-11-2010 - Regional
http://www.bnamericas.com/news/banking/CAF_could_raise_more_than_US*1,2bn_this_year_on_regional,_global_markets/180776099
* ABBC to confront more exclusive payroll lending contracts after legal victories - 03-10-2010 - Brazil
http://www.bnamericas.com/news/banking/ABBC_to_confront_more_exclusive_payroll_lending_contracts_after_legal_victories/180776099
* Another exclusive government contract for payroll lending draws legal action - 03-09-2010 - Brazil
http://www.bnamericas.com/news/banking/Another_exclusive_government_contract_for_payroll_lending_draws_legal_action/180776099
* Sofisa squeezes back to Q4 profit on large increase in tax credits - 03-08-2010 - Brazil
http://www.bnamericas.com/news/banking/Sofisa_squeezes_back_to_Q4_profit_on_large_increase_in_tax_credits/180776099
* MBA Lazard forecasts more cross-border M&A in specific markets - 03-05-2010 - Regional
http://www.bnamericas.com/news/banking/MBA_Lazard_forecasts_more_cross-border_M*A_in_specific_markets/180776099
* Visa gets ready for new landscape in credit card business after Cielo - 03-04-2010 - Brazil
http://www.bnamericas.com/news/banking/Visa_gets_ready_for_new_landscape_in_credit_card_business_after_Cielo/180776099
* Citi asks for extension to Banco de Chile controller deal - 03-03-2010 - Chile
http://www.bnamericas.com/news/banking/Citi_asks_for_extension_in_Banco_de_Chile_controller_deal/180776099
* Banco Fibra aims for 105% retail credit increase in 2010 - 03-02-2010 - Brazil
http://www.bnamericas.com/news/banking/Banco_Fibra_aims_for_105*_retail_credit_increase_in_2010/180776099
* HSBC 2009 pre-tax profit in Latin America down 33% on economy, virus, impairment - 03-01-2010 - Regional
http://www.bnamericas.com/news/banking/HSBC_2009_result_in_Latin_America_down_33*_on_economy,_virus,_impairment_charges/180776099
* Banks' option for 2-year bonds could make up 15% of funding by February 2011 - ABBC - 02-26-2010 - Brazil
http://www.bnamericas.com/news/banking/Banks*_option_for_2-year_bonds_could_make_up_15*_of_funding_by_February_2011_-_ABBC/180776099
* Corp Banca targets SMEs, sees loans rising 8% in 2010 - 02-25-2010 - Chile
http://www.bnamericas.com/news/banking/Corp_Banca_targets_SMEs,_sees_loans_rising_8*_in_2010/180776099
* Loans to grow 10% in 2010 - Humphreys - 02-24-2010 - Chile
http://www.bnamericas.com/news/banking/Loans_to_grow_10*_in_2010_-_Humphreys/180776099
* HSBC Brasil IPO report was a "blunder," not listing in country - 02-23-2010 - Brazil
http://www.bnamericas.com/news/banking/HSBC_Brasil_IPO_report_was_a_*blunder,*_not_listing_in_country/180776099
* Santander Río Q4 profits down 13% on Q3, gets okay for BNP Paribas purchase - 02-22-2010 - Argentina
http://www.bnamericas.com/news/banking/Santander_Rio_Q4_profits_down_13*_on_Q3,_gets_okay_for_BNP_Paribas_purchase/180776099
* Banks book US$2.09bn profit in 2009, up 69% on 2008 - 02-19-2010 - Argentina
http://www.bnamericas.com/news/banking/Banks_book_US*2,09bn_profit_in_2009,_up_69*_on_2008/180776099
* Scotiabank potential entry by acquiring RBS unit is a time saver - analyst - 02-18-2010 - Colombia
http://www.bnamericas.com/news/banking/Scotiabank_potential_entry_by_acquiring_RBS_unit_is_a_time_saver_-_analyst/180776099
* Titulizadora Peruana looks to securitize 30% of mortgage market in 5-7 years - 02-17-2010 - Peru
http://www.bnamericas.com/news/banking/Titulizadora_Peruana_looks_to_securitize_30*_of_mortgage_market_in_5-7_years/180776099
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