Home | Credit Performance News

Editorial

CREDIT PERFORMANCE Nº 20

Welcome to Credit Performance, the News Portal of widest range and readership in the Ibero-American business of Credit and Collections.

In this edition, we bring the latest developments of the Credit Industry in Ibero-America.

Going deeper into the future of the Credit Industry and the economic juncture in Chile, and anticipating our 5th Credit and Collection Congress to be held on September 1st, Mr. Fernando Contardo Díaz-Muñoz, General Manager of SINACOFI, gave us an exclusive interview where he deals with this and other topics of interest for the financial system. We invite you to have access to the whole interview by clicking here.

For the southern hemisphere, September is the month of Spring, and Argentina is living a "Credit Spring" due to the explosion of the Credit Market and the blooming of new businesses. The new technologies that help in the development of new means of payment and business alliances and acquisitions, such as Italcred being acquired by the South African MUSA Corp, will be some of the topics to be analyzed in the 4th National Conference on Consumer Finance and Payment Methods Argentina 2010, on September 16th in the Four Seasons Hotel. For more information click here.

The loan portfolio of Mexican banks rose in July, headed by loans to the public sector and mortgages. The total balance of the loans went up 2.025 trillion pesos (US$ 156.800 millions) by the end of this month. We inform you of how this increase occurred in the article that we have selected.

In Spain, Private Credit firms warn the rise in delinquencies in banks. Will this limit the granting of bank loans? The challenge of merging banks and the problem of delinquency in the finance market are part of the debate in the industry. Our 2nd National Conference on Credit and Debt Collection Spain 2010 is the ideal scenery to learn the latest news about the industry. For more information you must click here.

Automobile purchases have went up in Ecuador due to the rise in the available credit in the financial system with a great increase in the consumer credit area. This and other topics of interest for the Ecuadorian industry will be addressed on October 27th in our 3rd National Conference on Credit and Collection Ecuador 2010. More info here.

The American company Mastercard announced that it has reached an agreement to acquire the British firm of electronic payments DataCash. This represents the interest of the company to boost the growth of its business linked to electronic commerce and to offer new payment services. Learn about the business mergers of leading firms that have closed million-dollar deals during August in the related article here.

Friends, we recommend you stay connected to Credit Performance. We are preparing big surprises for you. In the meantime, you can check the events we will organize throughout this year by clicking here.

Remember that "knowledge is the only asset that expands when shared" and we invite you to continue sharing your experiences through this means of expression, with the objective of having a more professional industry day after day.

Kind regards.

Silvina Virga
Content Manager
CMS
Foolow me on Linkedin: http://ar.linkedin.com/in/silvinavirga

Ultimas Notas

A Wave of Consolidation Is Forcing Smaller Banks to Offer Better Terms Than Ever

A Wave of Consolidation Is Forcing Smaller Banks to Offer Better Terms Than Ever The interest rates for 30-year fixed-rate mortgages are in free fall, averaging just 4.44% on Aug. 12, according to Freddie Mac. Not only was that down from 5.07% in January, it was the lowest since Freddie began keeping records in 1970 (...)

By: Jessica Silver-Greenberg | Wall Street journal

Read the full article

Inventory of unsold homes jumps to 11-year high

Inventory of unsold homes jumps to 11-year high WASHINGTON -- The sale of existing U.S. homes sank 27.2% in July -- the biggest one-month drop ever -- largely because of the phase-out of a federal tax credit, according to an industry trade group (...)

By: Jeffry Bartash | MarketWatch

Read the full article

The Striking Price - The Upside of Downsides

The Striking Price - The Upside of Downsides The options market is pricing the risk in emerging economies like risk in the U.S., whose economy and equities markets continue to struggle. This anomaly presents an opportunity for investors (...)

By: Steven M. Sears | Barrons

Read the full article

CMBS Hiring Picks Up

CMBS Hiring Picks Up After commercial mortgage-backed securities sales plummeted into near oblivion in 2008, the market is emerging again as commercial property values stabilize. And banks are circling in competition for a piece of the pie (...)

By: FINSwire Team

Read the full article

Levels Hit Nine-Year High as New Rules Limiting Penalty Fees Help Fuel Rise

Levels Hit Nine-Year High as New Rules Limiting Penalty Fees Help Fuel Rise Interest rates continue to tumble for the U.S. Treasury, companies and home buyers alike. But for a large portion of 381 million U.S. credit-card accounts, borrowing rates have been moving only one way: up (...)