Banco Davivienda readies local IPO
Banco Davivienda, Colombia’s third-largest bank by assets, is gearing up to launch an initial public offering in the local market with shares priced at an estimated 14,000 pesos ($7.65) to…
Banco Davivienda, Colombia’s third-largest bank by assets, is gearing up to launch an initial public offering in the local market with shares priced at an estimated 14,000 pesos ($7.65) to…
Hopes that the incoming Colombian president will be able to implement much-needed structural overhauls along with resilient private consumption is creating a more optimistic outlook for the country’s sovereign credit,…
Colombian stocks continued moving higher Thursday, securing a new record for the index thanks to a boost from shares of Grupo Aval after the banking conglomerate said it was moving…
Colombia’s Grupo Aval said on Thursday it has reached a deal to buy Central America-based banking group BAC-Credomatic, which is controlled by U.S. giant conglomerate General Electric Co. Grupo Aval,…
Colombia’s financial institutions posted a combined net profit of 2.31 trillion Colombian pesos ($1.18 billion) during the first four months, up 15% from the same period in 2009, the country’s…
Colombian banks posted a combined net profit of $472 in January and February, up 0.8% on the same period in 2009, the country´s banking regulator said Monday, reports The Wall…
Colombia’s financial institutions posted a combined net profit of COP262 billion ($138 million) in January, down 29% from the same month in 2009, as lending rose marginally and the value…
Colombia’s financial sector made profits of over COP8.5 trillion in 2009, according to a report released Monday by Colombia’s banking regulator. The profits for 2009 represent a COP2 trillion increase…
Colombia’s financial institutions posted a combined profit of COP4.8 trillion (US$2.41 billion) in the first 10 months of the year, up 15% from COP4.17 trillion in the same period in…