Mexico’s largest mortgage provider plans to offer home buyers fixed-rate loans for the first time, as the two-decade long inflationary hangover from the country’s Tequila Crisis fades.
A legal overhaul will let Mexicans who finance their homes with state-controlled Infonavit, the company founded in 1972 to give workers access to home financing, get the 30-year mortgages for the first time as soon as June. The lender, which has made about 4.4 million loans since 2001, also plans to issue mortgage-backed securities in pesos next year to match income with obligations, the first such sales since 2004.
Centrepoint to invest Dh1bn in 100 stores, hire 10,000 staff
Centrepoint, which has four Landmark Group brands under its umbrella, will invest Dh1 billion to set up 100 new outlets and hire around 10,000 employees over next five years in the Mena region.
Now in UAE: Get a loan against your shares... the Islamic way
Emirates Islamic, one of the leading Islamic banks in the UAE, has launched ‘Financing Against Shares’ scheme whereby its customers who invest in Shari’a compliant equities can access financing secur
FGB hosts UAE real estate and regional investment markets seminar
First Gulf Bank (FGB), one of the leading banks in the UAE, hosted a seminar for its ‘First Wealth’ high net worth customers at Jumeirah Emirates Towers in Dubai yesterday, to review the current stat
KCIC reports KWD 1.03 million in profit for 2013
KCIC, which specializes in investments in domestic demand-driven sectors in Asia, has announced a net profit of KWD 1.03 million for the year 2013, with an earnings per share of 1.30 fils and a retur