Provident Mexico reports 5% growth in loans issued
Overall, the IPF group achieved 3% growth in the first quarter of the year, driven by IPF Digital and Provident Mexico.
Overall, the IPF group achieved 3% growth in the first quarter of the year, driven by IPF Digital and Provident Mexico.
Brazil's Austin Rating agency also tells BNamericas that the highly concentrated local banking sector will make it harder for the central bank to cut consumer interest rates.
BNamericas provides a roundup of the most important Banking stories in Latin America.
The chairman of Banesco comments on a decision by the government to take administrative control of the bank for 90 days.
Mexico's central bank has taken no unusual or extraordinary steps to shore up the peso on the latest aggressive posturing at the Fed.
He has been branded a traitor by the left and a Trojan horse by the right. Even so, Henri Falcón leads some polls ahead of Venezuela's presidential election amid widespread voter rejection of Nicolás Maduro's regime. But can the former governor and retired army sergeant win the May 20 vote?
The country's central bank has tapped its foreign reserves and hiked rates to halt a sharp decline in the peso as authorities hold steady on the 2018 inflation goal.
Authorities carried out raids at offices of Banco Popular, Banco Nacional and the latter's employee association Friday to advance its case against entrepreneur Carlos Bolaños and improper loan approvals at Banco Popular.
More developed countries have already internalized more automated practices, which have helped them manage their risks more efficiently and effectively, positioning internal audit areas as strategic allies of senior management.
A capital venture firm linked to Spanish lender BBVA and other funds invested US$22mn in Brazilian fintech Neon, only a day before shareholder Banco Neon was seized by the central bank.