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  • Sofipos see credit growth of 14% in June

    9/6/12
    Mexico's Sofipos, a class of non-bank financial institution, saw loans grow 14% year-on-year in June, according to banking and securities regulator CNBV. The total loan portfolio of the 40 Sofipos operating in the country reached...

  • Mobile wallet system to begin operating

    1/24/12
    Savings and loan cooperatives Jardín Azuayo and Cooprogreso will be the first financial institutions in Ecuador to implement central bank BCE's mobile wallet initiative, local news site El Comercio reported. BCE launched the mobile ...

  • Peruvian banking system solid - IMF

    9/26/11
    Peru enjoys high credit growth with a sound banking system, which shows that prudential indicators have improved, according to the International Monetary Fund's (IMF) World Economic Outlook report. "A number of major emerging and...

  • Metrofinanciera to file for bankruptcy

    7/15/09
    Shareholders at Mexican home finance company Metrofinanciera agreed to file for bankruptcy, according to a filing sent to the Mexican stock exchange on Tuesday (Jul 14) evening. Metrofinanciera, which has been unable to make debt...