Colombia preparing tropical paradise for tourism after 500...
Hacktivists leak 178,000 documents from Colombia’s military
Colombia’s State sentenced for exterminating political party
Colombia’s capital Bogota awarded for failing crime policy
OAS urges Colombia to release people arrested over...
Colombia’s war crimes tribunal hears notorious former warlord
Colombia’s GDP and GNI
Panama arrests US citizen suspected in Colombia of...
Colombia seeking mastermind behind Paraguay prosecutor kill plot
Colombia’s government and ELN rebels overcome “crisis” in...
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Grupo Aval prepared to face Euro financial crisis

by Toni Peters January 19, 2012

Colombia Reports - Sarmiento

The president of Grupo Aval, one of Colombia’s biggest banking groups, has said his company is prepared to face the eventual backlash of the European crisis.

Luis Carlos Sarmiento said that lessons have been learnt from 1989 and 2000 and he does not rule out the possibilities that the country will be affected in some way.

“In terms of backlashes, we are not worried because we are solid and have a good portfolio,” said Sarmiento. He added that because the company is managed with professionalism it will “not be caught off guard.”

The banking magnate said that many are interested in investing in Colombia’s financial sector giving the example of Banco de Bogota which issued bonds worth $500 million but there was demand of $3 billion.

In terms of economic growth, Sarmiento said that the Colombian economy could register growth of 5.5% for 2011 but that there may be a decrease for this year.

economygrupo avalluis carlos sarmiento

Trending

  • Panama arrests US citizen suspected in Colombia of murdering fiancé

  • Colombia’s capital Bogota awarded for failing crime policy

  • Colombia’s war crimes tribunal hears notorious former warlord

For patrons

Downloads for patrons

Related articles

  • Colombia’s GDP and GNI

  • Inflation

  • Colombia’s peso could end up losing 25% against US dollar in 2022

  • Twitter
  • Email
  • Rss

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion