Banking: The week in 10 stories

By
Friday, February 8, 2019

ARGENTINA

The proportion of total capital market financing in Argentina corresponding to SMEs hit the 35% mark for the first time ever in Q4 last year.

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BRAZIL

As the market widely expected, the central bank left the key interest rate unchanged.

The country's largest state banks are expected to "return to basics" under the Bolsonaro administration, which plans to sell some of the non-core subsidiaries of Caixa and Banco do Brasil.

Inflation accelerated in January but the annual inflation rate stayed below the central bank's 4.25% target.

A source told BNamericas that state-run lender Caixa has hired investment banks to handle the sale of its stake in local reinsurer IRB.

COLOMBIA

The financial services regulator has begun to regulate a group of large financial conglomerates.

ECUADOR

Fintech impact organization Finnovista expects the Andean country to see growth of around 150% this year in terms of the creation of new fintechs.

MEXICO

The central bank board struck a less hawkish tone at its first monetary policy meeting of the year.

The banking sector saw lending grow 4.2% last year in inflation-adjusted terms.

Mexico's first crowdfunding platform Prestadero is aiming for 50% growth in loans this year.