Daily Archives | credit
Brazil: Fears of a Consumers’ Credit Bubble
February 23rd, 2012
READ MOREAccording to Financial Times Lexicon, a consumer’s credit bubble occurs “When consumers build up so much consumer credit that they are unable to repay, a situation which can cause havoc in a country’ financial system”. Brazilian banks are increasing their …
Brazil’s Key Rate Falls to 10%
January 27th, 2012
READ MOREThe Central Bank of Brazil assures that there is a high chance to drop its benchmark rate from 10.5% to 10%. The bank’s board is focused on spurring economic growth and making significant structural changes in the country’s economy that …
Economic Growth to Drive Loans in Venezuela
January 20th, 2012
READ MOREIn an interview with Business News Americas Pedro El Khaouli, Fitch Venezuela senior director, assured that the expanding economy and an increased liquidity in Venezuela’s financial system were relevant factors to the positive loan portfolio in 2011. In 2012 credit …
Credit to Reach 35% of GDP in Colombia
January 12th, 2012
READ MOREIn a report released earlier this week the Colombian office of rating agency Standards & Poors assured that domestic credit to Colombia’s private sector and the nonfinancial public sector may approach 35% of gross domestic product, up from 28% in …
Santander Expects Credit Growth in Mexico
December 13th, 2011
READ MOREMarcos Martínez Gavica, country head for the Spanish bank Santander in México said on Wednesday that the financial institution expects to grow 18% its credit portfolio in the country, a key market for the bank, representing about 10% of its …
A Contingency Plan for the UK
November 30th, 2011
READ MOREThe Euro-area crisis continues escalating and Mervy King, the governor of the Bank of England, believes that the UK is increasingly threatened and must be ready to act if the problem persists. According to King there are early signs of …
Banks Reject 60% of Small Business Loans
November 7th, 2011
READ MOREIn 2010 the Federal Reserve of the United States revealed that 80% of the 27 million small businesses in America use credit cards to obtain working capital. The reason is simple: their lack of access to bank financing. A study …
A Light for Maghreb’s Youth
August 18th, 2011
READ MOREThe Maghreb is the region of Northwest Africa, west of Egypt. In includes five countries: Morocco, Algeria, Tunisia, Libya, Mauritania and the disputed territory of the Western Sahara. The young persons of that region face a high unemployment rate and are …