Colombia’s financial institutions posted a combined net
profit of 4.17 trillion Colombian pesos (US
of the year, up 25% from the same period in 2007, the country’s banking
regulator said Friday.
Locally owned private-sector banks reported
January-October period, up 25% from
year.
The banks’ profits were boosted by the lending business. The country’s total
loan portfolio, including lending from commercial banks and government
institutions, rose 19% in October on-year to
posted the sharpest rise.
Meanwhile, consumer loans advanced at a slower pace as a result of the central
bank’s monetary tightening. Consumer loans rose 15% in October compared with 40%
in the same month last year, the regulator said in a press release.
Net profit at
profit of
same period last year when it booked a net profit of
The local unit of Spain’s BBVA reported the biggest profit among foreign
banks, posting a net profit of
year, up 7% from
The net profit of the Colombian unit of U.S.-based
The local unit of
billion
