In January 2024, the credit portfolio of Venezuelan banks experienced a slowdown in its growth. However, it maintained a significant upward trend, with expansions of 3.5 % compared to December and an impressive 215.5 % year-on-year, reaching a total of 54,651.69 million bolivars.
In terms of…
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loans
Coinbase created a lending platform for the US
Leading cryptocurrency exchange platform Coinbase has taken a significant step by quietly introducing a cryptocurrency lending service aimed at institutional investors in the United States. This move is reportedly aimed at capitalizing on…
Sergio Massa announces a $1.3 billion loan for Argentina
In a prominent day in Washington, the Argentine Minister of Economy and candidate for the presidency, Sergio Massa, revealed that he had obtained loans for a total of 1.3 billion dollars from the World Bank and the IDB, for the benefit of…
IMF approves two disbursements to Costa Rica for 476 million euros
The International Monetary Fund (IMF) has given the green light to two disbursements of 275 million dollars (251 million euros) and 246 million dollars (224 million euros) for Costa Rica, which raises the figure to 521 million dollars (476…
Wells Fargo to pay $3.7 billion in penalties and refunds
Wells Fargo must pay the US regulators the amount of US$ 3.700 million for fines and reimbursements, before the accusations of crimes related to mortgages and loans.
According to the Consumer Financial Protection Office (CFPB), the…
World Bank grant important loan to Ecuador
The executive board of the World Bank granted a loan of 700 million dollars in favor of Ecuador, with the objective that the country allocate resources to support the fight against Covid-19, promote economic growth, job creation and climate…
National executive could establish a multi-currency system
The economist Ronald Balza explained during a radio interview that the national executive should allow the Venezuelan financial system to have various products that facilitate financial intermediation.
According to Balza, the government…
Maduro authorizes credits in foreign currency
Venezuelan President Nicolás Maduro assured that he instructed Vice President Delcy Rodríguez to authorize credits in foreign currency within public banks.
"I believe that the time has come to give credits in public banks in foreign…
Banks in Europe have supported during the pandemic, but they can end badly
Ten years after emerging from the last global financial crisis, which mainly affected advanced economies, in 2020 the world has once again been plunged into serious economic problems, which have been caused by having to apply confinement…
Finangente… More than a financial institution!
When talking about a financial institution that has everything a person or company looks for in a bank, Finangente stands up. This organization has established itself as a trustful place, not only for making savings deposits and loan…
Bnext settles an alliance with Cacao PayCard to reach Latin America
Mobile payment solutions are the alternative most sought after by customers thanks to the speed, security and trust provided by the various applications currently on the market.
One of the most recent developments in this regard is the…
European banking requests about 15,000 million euros to the ECB
Most of the funds, as every week, have been requested in the twelfth round of long-term financing operations (LTRO) that the ECB announced to respond to liquidity demands from banks until June, such as part of his first response to…