First Global finishes 1st transaction with IDB trade finance program

Jamaican commercial bank First Global Bank has closed its first transaction through IDB's trade finance facilitation program (TFFP), the multilateral said in a statement. Two additional guarantees ...

• Chile

   BancoEstado looks to surpass 300,000 microcredit clients this year

  Chilean state bank BancoEstado expects this year to surpass 300,000 microcredit clients, the general...   more

• Brazil

   Government to use foreign reserves to increase export financing

  Brazil's government will use the country's foreign reserves to increase export financing, central ba...   more

• Venezuela

   Government says purchase of Santander unit to be completed in 2 months

  The acquisition of the Venezuelan banking unit of Spain's Santander (NYSE: STD) will be completed in...   more

• Uruguay

   Fitch: Private sector lending, product cross-selling keys to banking strength

  Rebuilding profitability through private sector lending, protecting asset quality and product cross-...   more

• Bolivia

   Fitch hikes Bisa rating

  Fitch has upgraded the long-term local currency rating of Bolivia's Banco Bisa to AA+ (bol) from AA ...   more

• Argentina

   BST to merge with, absorb Credilogros

  Argentina's Banco de Servicios y Transacciones (BST) will merge and absorb fellow Argentine consumer...   more

• Mexico

   Banregio plans to sell US$23mn subordinated debt

  Mexico's Banco Regional de Monterrey (Banregio) plans to sell 250mn pesos (US$23mn) of subordinated ...   more

• Brazil

   BB looks to government fund to finance mortgage loans to lower-income segment

  Banco do Brasil (BB) has asked fellow federal bank Caixa Econômica Federal (CEF) for funds from the ...   more

• Paraguay

   IN BRIEF New BCP president takes helm

  Paraguayan central bank BCP has a new president, the bank said in a statement. Jorge Raúl Corvalán ...   more