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Article: Nafin to hand out US$274mn in loans in Coahuila in 2003.
- Article from:
- Internet Securities
- Article date:
- September 15, 2003
CopyrightCOPYRIGHT 2003 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, Sep 15, 2003 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- State development bank Nacional Financiera (Nafin) will channel more than 3 billion pesos (US$ 273.7 million) in loans to small and medium-sized companies (SMEs) in the northern state of Coahuila this year, reported officials from the institution.
The state director of Nafin in Coahuila, Castillo Ornelas, said in an interview that in the first eight months of the year the bank had funneled 2.15 billion pesos (US$196.2 million) to the benefit of 1,400 companies in the state. He said that these funds were used as working capital, for purchases of machinery and equipment, which ...
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