Showing 1 - 10 of 48
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IFC Provides $116.5 Million in Financing to BBVA Leasing to Support Small Businesses in Mexico

The transaction will help the company expand its product offerings to small and medium enterprises (SMEs) and is designed to support the economic recovery from the COVID-19 health crisis.

News

El Salvador Receives $173.3 Million Less in Remittances in the First Quarter of 2020

Family remittances received by El Salvador totaled $1,600.7 million in the period from January to April 2020, lower by $173.3 million compared to the same period of the previous year, with a reduction equivalent to -9.8 percent.

News

Colombia: IFC $100M Loan to Davivienda Supports Women-owned SMEs, Housing, Agribusiness

The loan will boost the bank’s ability to increase its lending for low-income housing, women-owned small and medium enterprises, and sustainable agribusiness projects in the country.

News

The BBVA Microfinance Foundation Pandemic Work Engages the Interest of Spain's Queen Letizia

Queen Letizia joined the Foundation on a videoconference to discuss how COVID-19 is impacting Latin American micro-enterprises and to learn about the measures put in place in the five countries BBVAMF operates.

News

Galileo Is Going in for the Mexican Fintech Market, Partnering With Klar

Galileo, like many financial businesses from abroad, sees potential in this country’s market.

News

Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer

The Central Bank of Argentina (BCRA) is testing a new blockchain-powered clearing system that could be used by some of the country's largest financial institutions.

News

IFC Investment Will Allow Banco General to Support Mortgage Financing and Boost Climate Products

IFC, a member of the World Bank Group, provided Banco General, S.A., a loan of $150 million for mortgage lending for low and middle-income families in Panama, at the end of 2019.

News

BBVA Microfinance Foundation’s Institutions Establish Measures for the 2.2 Million Entrepreneurs It Serves During the Health Crisis

Aligned with its social purpose and in light of COVID-19’s progress in Latin America, BBVA Microfinance Foundation’s six institutions in five countries in the region have adopted urgent and necessary measures to help its 2.2 million clients cope with this situation.

News

Mexican Startup Credijusto Raises $100 Million, Seeks to Boost Loans Amid Coronavirus

Mexican fintech startup Credijusto has raised $100 million in debt from Credit Suisse Group, a move that will help it extend more loans to small and mid-sized businesses as banks gauge how to respond to the impact of coronavirus.