Roundup: ABIF appointment, Fogape figures, financial institutions' ratings affirmed

- Wednesday, June 29, 2011

Roundup: ABIF appointment, Fogape figures, financial institutions' ratings affirmed

Chilean banking association ABIF has appointed Leonardo Hernández Tagle as head of its studies department, ABIF said in a press release.

Previously, Hernández Tagle served as lead economist at the World Bank and before that as deputy general manager at Chilean central bank BCCH.

Earlier in the month, ABIF appointed Ricardo Matte Eguiguren as general manager as part of the association's new team, lead by recently appointed chairman Jorge Awad.

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A total of 25 financial institutions walked away with loans backed by guarantees from Chilean state-run loan guarantee fund Fogape, worth 7.65mn UF inflation-linked units (a total of 167bn pesos or US$356mn) for January-May, a press release from Fogape reads.

Fogape is administered by Chile's only state-run bank and third largest lender, BancoEstado.

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Fitch affirmed its ratings on several financial institutions based in El Salvador, as well as on several bond programs, the ratings agency said in a statement.

Among the institutions are Banco Agrícola, Citibank El Salvador, BAC El Salvador and Banco HSBC Salvadoreño.

To read the full list of institutions affirmed by Fitch, in Spanish, go to this link