Latin America's Business Information Leader
Banking News - Friday, April 2, 2010
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Free Content of the day
* CAF able to increase lending 10% annually over next 6-7 years, says president - Regional
The Andean Development Corporation's (CAF) new US$6.6bn capital base will allow the multilateral lender to approve and disburse loans at a 10% annual rate over the next six to seven years, executive president Enrique García told BNamericas.
CAF approved a record US$9.2bn in lending last year, up about 17% on 2008, as the total loan book grew 13%.
About one-third of that was through countercyclical measures, such as fully available, rapidly disbursable funds through contingent credit lines to t ... more
http://www.bnamericas.com/news/banking/CAF_able_to_increase_lending_10*_annually_over_next_6-7_years,_says_president/181148883
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In-deph interview
* Paulo de Sousa Oliveira JrGeneral director - BRAIN<p><em>As Brazilian banking association Febraban, capital markets group Anbima and stock and futures market operator BM&FBovespa have been hinting for weeks and months, the country wants to be Latin A... more
http://www.bnamericas.com/interviews/banking/Paulo_de_Sousa_Oliveira_Jr_,BRAIN,/181148883
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Free Past News
* Macro refloats purchase agreement with Banco Privado - 03-31-2010 - Argentina
http://www.bnamericas.com/news/banking/Macro_refloats_purchase_agreement_with_Banco_Privado/181148883
* Sofisa not worried about big banks, sees rising spreads in SME lending - 03-30-2010 - Brazil
http://www.bnamericas.com/news/banking/Sofisa_not_worried_about_big_banks,_sees_rising_spreads_in_SME_lending/181148883
* 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_2010/181148883
* 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/181148883
* 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/181148883
* 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/181148883
* Banorte sees purchase opportunities among Sofoles - 03-23-2010 - Mexico
http://www.bnamericas.com/news/banking/Banorte_sees_purchase_opportunities_among_Sofoles/181148883
* 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/181148883
* 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/181148883
* 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/181148883
* 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_1/181148883
* 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/181148883
* 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*/181148883
* 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/181148883
* 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/181148883
* 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/181148883
* 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/181148883
* 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/181148883
* 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/181148883
* 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/181148883
* 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/181148883
* 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_2010/181148883
* 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/181148883
* 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/181148883
* 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_2010/181148883
* Loans to grow 10% in 2010 - Humphreys - 02-24-2010 - Chile
http://www.bnamericas.com/news/banking/Loans_to_grow_10*_in_2010_-_Humphreys/181148883
* 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/181148883
* 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/181148883
* 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_2008/181148883
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