Colombia’s government ordered banks Wednesday to lower the fees they charge for ATM withdrawals and other transactions, saying Colombian banks charge fees far higher than banks elsewhere in Latin America.…
Colombia’s vice-president asked the country’s banks Sunday for solidarity with the hundreds of thousands of flood victims and freeze outstanding debts of those affected by the rainy season. “I want…
Spanish bank Santander has announced the sale of its Colombian subsidiaries to the Chilean group CorpBanca for $1.23 billion. Grupo Santander says it’s aiming to “strengthen its balance sheet” with…
Colombia’s finance minister has said he will put a stop to the “high” fees charged by banks for the provision of services, financial publication reported Tuesday. Finance Minister Juan Carlos…
Five Colombian banks made it into the list of biggest 50 banks in Latin America, two more than in the 2010 rankings. Bancolombia, Banco de Bogota, Davivienda, BBVA, and Banco…
The Colombian Banco Falabella, the newest financial institution of the Chilean Falabella Working Group, is now operating in Colombia with 840,000 clients, announced financial news site Portafolio Tuesday. The bank…
Colombia’s biggest bank, Bancolombia, said the money from a recent bonds issue will be invested in international operations. In an interview with newspaper El Colombiano, Bancolombia president Carlos Raul Yepes…
A report stated that Colombian monetary institutions registered profits of $1.32 billion including $1.18 billion made by credit lending institutions in the first quarter of 2011. The report of the…
Colombian bank AV Villas recorded profits of $19.8 million during the first three months of 2011, representing an 18.9% increase on the same period last year when profits were recorded…