Bancolombia fined $1.7M for violating tax law
Colombia’s highest administrative court on Monday ordered the country’s largest bank, Bancolombia, to pay a $1.7 million fine for violating tax laws.
Colombia’s highest administrative court on Monday ordered the country’s largest bank, Bancolombia, to pay a $1.7 million fine for violating tax laws.
A Medellin court has ordered Colombia’s Prosecutor General to investigate which businesses and banks were involved in financing the creation of paramilitary group ACCU that later became the AUC which…
Colombia’s largest banking group, Grupo Aval aims to raise $100 million by selling shares to the public, in a deal filed with the US regulatory body on Thursday.
Colombia’s chief financial regulator has warned of the fast increase in consumer credit and bad loans, in an interview with La Republica newspaper. Financial Superindendent Gerardo Hernandez said continued economic…
Colombian banks made a record $3.8 billion profit in 2011, an increase of $560 million on last year. The country’s Financial Superintendent revealed the growing banking industry sector in its…
Colombia’s top bank Bancolombia SA announced Wednesday the begin of a public offering for 4.5 million American Depositary Shares, at a price tag of $60. The Medellin-based lender said the…
The chief executive of Colombian bank Banco Davivienda SA said Tuesday its planned purchase of HSBC Holdings PLC’s businesses in Central America will grow the company by 20% and help…
Colombian bank Banco Popular is preparing a 250-billion-peso ($137 million) local bond sale Wednesday, said Alianza Valores, a Bogota brokerage firm arranging the sale. Banco Popular, which is backed by…
Colombia’s financial regulatory body has stated the country’s banks have earned $4.5 billion in profits in November 2011, local media reported Friday. The profits of credit lending financial institutions…