IFC to launch US$150mn housing finance sector facility

IFC will launch a US$150mn facility to support Mexico's housing finance sector and help mitigate potential liquidity shortfalls arising from the US and global credit crises, IFC said in a press releas...

• Mexico, Regional

   UN: Latin America needs to work on strong sustainable microfinance sector

  The public and private sectors in Latin America need to get their act together to build a strong and...   more

• Colombia

   BBVA unit chair: System solid, loan slowdown likely

  Colombia's banking industry fundamentals are strong enough to withstand the ongoing financial crisis...   more

• Jamaica

   First Global plans multilateral loans to compete in tough times

  Jamaican commercial bank First Global Bank will be going after continued multilateral banking suppor...   more

• Brazil

   IDB to lend BNDES US$1bn for SMEs, microenterprise loans

  IDB has authorized another US$1bn loan to Brazilian national development bank BNDES to provide long-...   more

• Regional

   IDB pledges US$20mn to help microfinance industry through turbulent times

  IDB is preparing a US$20mn financing facility to help the microfinance industry in Latin America & t...   more

• Brazil

   Savings deposits up 18.1% at end-September

  Brazil's savings deposits totaled 258bn reais (US$113bn) at end-September, up 18.1% from the same ti...   more

• Paraguay

   Visión Banco receives US$5mn loan from IIC

  The Inter-American Investment Corporation (IIC) and Paraguay's Visión Banco have signed a loan agree...   more

• Chile

   Regulator says local system liquid enough

  Chile's banking regulator Sbif has said the system has enough liquidity to keep functioning, althoug...   more

• Brazil

   CVM fines executives of defunct Banco Excel US$21.8mn

  Brazil's securities regulator CVM has handed down total fines of 48.0mn reais (US$21.8mn) to brother...   more