Analyst forecasts 10-15% loan growth in 2009

Lending among Colombian banks will likely slow this year to 10-15%, analyst at local brokerage Interbolsa José Fernando Restrepo told BNamericas. After growing at 30% plus rates in 2007, lending i...

• Uruguay

   Regulator to implement Basel II guidelines by 2013-14

  Uruguay's banking regulator has unveiled a roadmap for local banks to implement a standard Basel II ...   more

• Chile

   Mutual fund APV assets up 0.8% in 12 months to September

  Chilean mutual funds saw voluntary pension assets under management grow 0.8% to 374bn pesos (US$585m...   more

• Brazil

   Card purchases up 24% in 2008

  Purchases in Brazil made with credit, debit and retail store cards grew 24% last year on 2007, local...   more

• Brazil

   CEF only to finance construction firms using legal timber

  Brazilian federal bank Caixa Econômica Federal (CEF) will only provide financing for construction fi...   more

• Mexico

   Remittances drop 2.6% January-November

  Mexican emigrants sent home US$21.6bn in remittances from January-November 2008, down 2.6% compared ...   more

• Argentina

   Bapro to pay US$13.8mn debt installment to central bank

  Argentina's Banco de la Provincia de Buenos Aires (Bapro) was scheduled on Monday to pay 47.8mn peso...   more

• Chile

   Feller rates Coopeuch's 1st line of bonds at A+

  Chilean ratings agency Feller has assigned an A+ rating to local savings and loans institution Coop...   more

• Brazil

   Visanet calls off IPO plans

  Credit and debit card processor Visanet has canceled a request with Brazil's securities regulator CV...   more

• Jamaica

   IN BRIEF FCIB appoints new head of local unit

  Barbados-based FirstCaribbean International Bank (FCIB) has appointed Clovis Metcalfe as MD of FCIB'...   more