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Tag: asobancaria

$8 billion laundered in Colombia every year: PG

Colombia’s Prosecutor General Viviane Morales said that money laundering accounts for 3% of the country’s GDP, or $8 billion, reported local media Thursday. “The Unity of Colombian Financial Information and...

Colombians borrow more than they save: Banks

Colombians are borrowing significantly more than they are saving, said the Colombian banking association Asobancaria in its half-year fiscal report. Credit grew by 23%, while deposits grew only 17%, economic magazine Portafolio...

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