Colombia’s biggest bank, Bancolombia, announced Friday a public offering of 64 million shares worth $886 million. The shares will first be offered exclusively to the current shareholders of Bancolombia in…
Bancolombia on Wednesday announced it will receive $100 million of credit from Japan’s Bank of Tokyo-Mitsubishi. Alejandra Maria Alzate Ruiz of Bancolombia’s communications department told Colombia Reports, “This is bilateral…
Five Colombian banks made it into the list of biggest 50 banks in Latin America, two more than in the 2010 rankings. Bancolombia, Banco de Bogota, Davivienda, BBVA, and Banco…
Latin American countries could be trading without using U.S. dollars by next year according to Brazil’s Development, Industry and Foreign Trade Minister. Financial publication Portafolio reported that Fernando Pimentel, who…
Few Colombians used the web to conduct financial transactions despite Colombia being a leader in Latin America in terms of Internet access and use of social networks, Colombian newspaper El…
The First Colombia-Brazil Investment Forum is taking place today in Bogota, inaugurated by Colombian President Juan Manuel Santos and former Brazilian President Luis Ignacio Lula Da Silva, local media reported…
State-run oil company Ecopetrol has received requests from 40,600 Colombians in just five days to obtain shares in the company valued at $226 million. Shares went on sale July 27…
Colombia’s biggest bank, Bancolombia, said the money from a recent bonds issue will be invested in international operations. In an interview with newspaper El Colombiano, Bancolombia president Carlos Raul Yepes…
The Bancolombia board of directors gave the go-ahead to the issuance of up to $1 billion in ordinary bonds over a 10 year period, local media reported Tuesday. According to…