Colombian banks make record $3.8B profit in 2011
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…
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…
Financial analysts predict that investor confidence in Colombia’s stock market will be affected by Europe’s financial crisis, reported Caracol Radio Tuesday. Analysts are worried that possible debt crisis in Spain…
The Colombian financial industry made fewer profits this year compared to their gains over the same period a year ago. The central finance body of Colombia announced that Colombia’s financial…
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…
The Colombian government may work to curb the strong peso by delaying plans to repatriate the entirety of a $1.5 billion account held abroad, Bloomberg reported Wednesday. Finance Minister Juan…
A gallon of petrol and diesel will increase by $0.08 (150 COP) from Friday April 1, it was announced by the Mines and Energy Minister. The increase means that for…
Colombia’s finance minister announced a new system for calculating fuel prices to soften increases in gasoline costs, reports RCN Radio Tuesday. Juan Carlos Echeverry explained that the new system, which…
Colombia’s financial regulator has given the green light to Bancolombia’s new CEO, the bank announced Tuesday. Carlos Yepes Jimenez was appointed as the bank’s new head in November. The choice has…
Banco de Bogota, GNB Sudameris, and Bancolombia have been ranked in the top 25 best performing banks in Latin America, according to a recent study by America Economia, a magazine focused…