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//BFSI – Financial Services
What Jumps Out, Easter 2021
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Opinion: Easter Potpourri & Why Colombia’s COLCAP Is Struggling To Attract Investors

Colombians are very much ‘on the road’ this week, there may be strict limitations in terms of religious processions and gatherings however in order to compensate themselves, the populace have scattered themselves to the winds. A week or so ago I made mention of a...
Posted On March 30, 2021
, By Rupert Stebbings
Drone inspection. Operator inspecting construction building turbine power plant
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P&C Insurer Chubb Launches Drone Inspection Program In Colombia

Chubb Risk Engineering initially developed this service in North America, then introducing it in Chile during 2018, then rolling it out to several Latin American countries.
Posted On March 2, 2021
, By Loren Moss
Allianz
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Allianz Fined By Colombian Government For Obstructing Investigation Into Über

According to Supertransporte, Allianz refused to respond to multiple requests from the regulatory agency, which has been battling Über and other transportation innovators in Colombia
Posted On February 5, 2021
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Moody’s Says Outlook Negative on Colombian Banks Davivienda, Bancolombia, & Grupo Aval’s Banco de Bogota

Moody's changed to negative, from stable, the outlook on Bancolombia's ratings, while it maintained the negative rating outlook on Banco de Bogota and Davivienda. These actions follow the change in outlook to negative, from stable, on the Government of Colombia's Baa2 government...
Posted On December 17, 2020
, By Loren Moss
Hospital room Image by Cor Gaasbeek from Pixabay
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Expat Group: Visitors To Colombia Would Be Wise To Explore Travel Health Insurance Options. Here’s How

International visitors are once again able to travel to and from Colombia, but during this pandemic, ensuring that travelers are properly protected and have access to quality medical care is essential. In this interview, Expat
Posted On November 30, 2020
, By Loren Moss
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Strategy Discussion: CTO Sri Shivananda Talks About Paypal’s Push To Help Both The Enterprise & The Unbanked

Finance Colombia’s executive editor Loren Moss was able to speak with PayPal’s CTO Sri Shivananda about the company’s strategy in The Americas, but also drilling down into the company’s plans to bring the unbanked into the world of e-commerce.
Posted On November 21, 2020
, By Loren Moss
ColCapital is pleased to invite you to participate in the new version of its annual awards event, recognizing private equity managers with the greatest impact in the Colombian economy. Recognition will be awarded for the adaptation of companies or projects invested by private equity funds that mitigate, minimize or potentiate the effects generated by the current economic and health crisis due to the pandemic affecting the world.
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Carlyle Group’s David Rubenstein To Keynote ColCapital Awards This Friday

ColCapital is pleased to invite you to participate in the new version of its annual awards event, recognizing private equity managers with the greatest impact in the Colombian economy. Recognition will be awarded for the adaptation of companies or projects invested by private...
Posted On November 11, 2020
, By Loren Moss
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Bancolombia Takes Over Grupo Agromercantil, Fitch Calls The Move Credit Neutral

Bancolombia announced an agreement to acquire full ownership of GAH. Under the agreement, Bancolombia will buy the remaining 40% stake in GAH that it currently does not own. This transaction was approved by the Colombian, Panamanian, Guatemalan, and Barbados regulators.
Posted On October 6, 2020
, By Loren Moss
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While Asking For Government Bailout & Furloughing Thousands of Employees, Bankrupt Avianca Paid 7 “Insiders” Bonuses Of Over $10.3 Million USD

Despite laying off thousands of employees, filing for bankruptcy, and asking the Colombian government for a $370 million USD bailout, FInance Colombia has learned that Avianca has paid bonuses of over $10 million USD to seven top Avianca executives. CEO Anko Van der Werff & CFO...
Posted On September 21, 2020
, By Loren Moss
Photo © Loren Moss
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Unimpressed By DIP Financing Plan, Bancolombia Terminates Coverage of Avianca

Bancolombia, Colombia's largest bank has issued a report panning Avianca proposed DIP financing plan from the point of view of current shareholders, and indicated that it would no longer be covering the bankrupt airline.
Posted On August 19, 2020
, By Loren Moss
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