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Estimated 20 Percent Growth in Chilean Banks' Factoring
Link: http://www.ifgnetwork.com
The International Factoring Aassociation reported that the Chilean banks’ factoring business forecast is estimated at about a 20 percent growth in 2010. This is due in part to an improving economy.
The central bank’s latest survey of experts show they expect the Chilean
economy to contract 1.5% this year, but expand 4.3% next year and 4.5% in 2011.
It is believed that those factoring firms that belong to banks will see their business volume return to pre-crisis levels in 2010 thanks to the economic recovery.
The factoring industry has long been considered a good barometer of the country’s
economy.
For more infomrmation about factoring visit http://www.ifgnetwork.com
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