Bancolombia says 1Q net income rises 10%
Colombia’s largest lending institution Bancolombia said its unconsolidated net income for the first quarter was 473.5 billion pesos ($263 million), a 10% rise from that period of 2010. The bank,…
Colombia’s largest lending institution Bancolombia said its unconsolidated net income for the first quarter was 473.5 billion pesos ($263 million), a 10% rise from that period of 2010. The bank,…
Bancolombia SA, Colombia’s largest bank, expects credit to continue expanding at a fast pace in 2011, a factor likely to drive the bank’s results this year. Carlos Yepes, Bancolombia’s chief…
The Colombian financial sector earned $31.51 billion in 2010, newspaper La Republica reported Friday. This result corresponds for the most part to the posted gains of pension funds and credit…
Colombia’s Grupo Aval, one of the country’s largest banking groups, secured the approval of its shareholders to start the process for an initial public offering abroad. Grupo Aval said in…
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…
Colombia’s financial institutions posted a combined net profit of 4.17 trillion pesos ($2.32 billion) during the first eight months of the year, a 7% increase from the same period in…
Banco Davivienda, Colombia’s third largest bank by assets, climbed 36% in its debut in the local stock exchange, a sign of the growing appetite in the country for new listings.…
The Colombian unit of Spain’s Banco Santander SA Thursday sold 140 billion Colombian pesos ($78 million) in local seven-year bonds, the local stock exchange said. Banco Santander Colombia SA’s bonds…
Colombia’s former Foreign Minister Jaime Bermudez has been appointed president of the Colombian branch of investment bank MBA Lazard, the bank announced Tuesday. “Jaime’s appointment at MBA Lazard offers great…