One of Colombia’s biggest banks, Bancolombia, is leading the market in earnings in the third quarter of this year, reporting profits of $237.8 million.
The reported numbers mean that Bancolombia has earned 2.3% more than the same period as last year with a total loan request increase of 12.9%, including all requests that have not yet been approved or rejected.
This increase in loan requests made the net loans of the company rise to $33.8 million, the net being the amount of loans approved after review.
The good news for the rest of the cournty is that approved loans for housing grew to 21%, consequently showing signs of new homes and private house ownership on the rise and suggesting more stability for would-be home owners.