Colombia industrials bank on credit for a boost
Colombia’s industrial sector is receiving more than twice the amount of credit it did last...
Tag: credit
Colombia’s banks earn $4.5 billion in profits
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 amounted...
Colombia to give $16.4M credit to environmentally sustainable businesses
Colombia’s Environment Ministry is making available $16.4 million in credit to businesses and enterprises which protect the environment, Colombian media reported Thursday. The preferential line of credit, which will be...
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...
Moody’s lifts Colombia’s credit rating to investment grade
Moody’s Investors Service Tuesday raised Colombia’s sovereign-debt rating into investment-grade territory, citing the country’s improving security picture and timely debt payments. Violence caused by guerrilla...
IMF welcomes Colombia’s interest in renewed credit line
The International Monetary fund (IMF) welcomed Colombia’s interest in a new flexible credit line of $6.1 billion to protect the Andean nation’s growing economy from external risks, U.S financial news service Bloomberg...
