Santander targets faster SME loan growth with digital push
Santander México has unveiled two digital credit schemes for SMEs to significantly speed up loan approvals for young business owners.
Santander México has unveiled two digital credit schemes for SMEs to significantly speed up loan approvals for young business owners.
Financial intermediation activity helped partly offset contractions in other industries.
Loan growth in August continued to be driven by increasing demand for personal loans.
The central bank, under new chief Guido Sandleris, will begin executing its plans within a few days.
The new attempt comes after a June auction which failed due to lack of investor interest.
The bank continues to see inflation staying below the 4.5% target in 2018 and 2019.
Salma Jalife, the incoming government's nomination to head the department, said that it will include a division to deal with the country's response to the growing threat of cyber attacks.
A roundup of banking news from the Southern Cone.
For the first time in 24 years, the central bank carried out an extraordinary purchase of government treasury bills to alleviate fiscal pressures. Meanwhile, protests against a tax reform package continue.
Argentine officials have also drawn up a revised economic plan.