Banco Santander’s Colombian unit to sell COP140B In 7-year bonds
The Colombian unit of Spain’s Banco Santander SA plans to sell local bonds worth up to 140 billion Colombian pesos ($78 million) in bonds with a maturity as long as…
The Colombian unit of Spain’s Banco Santander SA plans to sell local bonds worth up to 140 billion Colombian pesos ($78 million) in bonds with a maturity as long as…
The U.S. Federal Reserve said on Tuesday it is allowing Colombian bank Banco Davivienda to open a branch in Miami through its Bancafe International subsidiary. The bank has total assets…
Colombia’s financial institutions posted a combined net profit of 3.58 trillion Colombian pesos ($1.97 billion) during the first seven months of the year, up 15% from the same period in…
Banco Colpatria Red Multibanca SA, Colombia’s seventh largest bank by assets, expects General Electric Co. to increase its stake in the bank to more than 75% by 2012 despite recent…
Developed nations’ banks are still reeling from the global economic crisis, but Colombia’s banking sector looks attractive for foreign players in search of solid returns with safe regulations, solid profits…
Bancolombia, Colombia’s largest bank by assets, expects its net profit to climb close to 10% in 2010, in line with the results for the first half of the year. Jorge…
Colombia’s financial institutions posted a combined net profit of 3.08 trillion Colombian pesos ($1.70 billion) during the first half of the year, up 14% from the same period in 2009,…
Colombia’s largest bank, Bancolombia SA, booked a second-quarter net profit of 291 billion Colombian pesos ($159 million), up 15% from the same period last year. The Medellin-based bank attributed the…
Colombia’s Banco Davivienda SA, the country’s third largest bank in terms of assets, expects to book a net profit of 500 billion Colombian pesos ($274 million) this year, Efrain Forero,…