The Mexican president and head of state mortgage provider Infonavit unveiled a plan to reduce debt burden on loan holders. BBVA Bancomer said it aims to issue US$3.6bn in housing loans this year.
Chile is one of the Latin American countries whose populations have the highest number of bank cards, averaging 3.5 per person.
This represents 51% of the total bonds issued in the government's first international bond operation of 2019.
Data from securities commission CNV shows these types of businesses accounted for 35% in 4Q18, with strong growth in secured promissory notes seen over the whole year.
A roundup of news from South America.
The bank invested a total of US$2.7mn in three firms.
The Brazilian bank's net income came in at around US$20mn.
Mexico's first crowdfunding platform Prestadero said it expected to process US$7mn in loans in 2019 amid exponential growth.
Venezuela's ongoing political and diplomatic crisis raises the risks of increased near-term economic pain as well as the potential for greater domestic political division, according to Fitch Ratings.
The country has an average 4.17 fintechs per 1mn inhabitants, compared to 2.78 in Mexico and 2.5 in Colombia and Argentina.