Scotiabank completes 51% purchase of Banco Colpatria
Canada’s Scotiabank has completed the purchase of 51% of Colombia’s Banco Colpatria in a deal worth $1 billion in total. The acquisition, announced in October, means that Scotiabank will be…
Canada’s Scotiabank has completed the purchase of 51% of Colombia’s Banco Colpatria in a deal worth $1 billion in total. The acquisition, announced in October, means that Scotiabank will be…
Colombians are borrowing significantly more than they are saving, said the Colombian banking association Asobancaria in its half-year fiscal report. Credit grew by 23%, while deposits grew only 17%, economic…
The Colombian financial industry made fewer profits this year compared to their gains over the same period a year ago. The central finance body of Colombia announced that Colombia’s financial…
Colombia’s banking association said that the government’s decision to extend a tax that charges citizens for taking money out of the bank is an obstacle to strengthening the banking sector.…
Medellin based Bancolombia Group is in talks to open a bank in Peru where two of its subsidiaries already operate, said the Peruvian superintendent of banking. La Republica reported Friday…
Colombian banking association Asobancaria releases figures showing that more than 60% of Colombia’s adult population now have access to banking services. This year 18.5 million people have used financial products…
Banco de Bogota, GNB Sudameris, and Bancolombia have been ranked in the top 25 best performing banks in Latin America, according to a recent study by America Economia, a magazine focused…
Colombian banks posted a combined net profit of $472 in January and February, up 0.8% on the same period in 2009, the country´s banking regulator said Monday, reports The Wall…