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Colombia’s financial superintendent Jorge Castaño Gutiérrez has appointed the economist Juan Carlos Mendoza as the delegate for the Supervision of Market Risk and Liquidity for Superfinanciera, Colombia’s financial regulatory body. Mendoza worked for more than 10 years in the...

On April 25, 2019, the Andean region’s banking elite will turn out for the annual Bonds & Loans Latin America Awards at the JW Marriott in Bogotá. Over 380 leading banking executives and their clients will attend the ceremony. Big winners include the Dominican Republic who...

Banco de Bogotá, member of financial conglomerate Grupo Aval, was named as the “Best Bank in Colombia” for 2019 according to financial magazine Global Finance. The selection was made by the editors of Global Finance, after  consultations with financial executives,...

Fitch Ratings has affirmed Sura Asset Management S.A.’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB+’ with a stable rating outlook. Key Ratings Drivers, IDRs and Senior Debt Medellín, Colombia based Sura Asset Management’s...

Fitch Ratings has affirmed Banco Itaú Corpbanca Colombia S.A.’s (Itaú Colombia) Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) at ‘BBB-‘. Itaú Colombia established operations in Colombia in 2012 as part of the regional expansion strategy of...

While the insurance market in Colombia grew at a rate of 5.5% in 2018, Aseguradora Solidaria stood out with a growth rate of 18.8%, led by growth in personal lines. Carlos Arturo Guzmán, (above) president of the company, revealed: “the truth was a year of very good results,...

With ongoing uncertainty regarding the worldwide economy, the potential for investment in the Andean debt market has come under favorable scrutiny by investors looking to be well positioned for the industry surge predicted for 2019. The Bonds, Loans & Derivatives Andes 2019...

O’Neill has some short-term experience with the IDB, serving as acting U.S. director for a five-month stint in 2008 during his time working for the U.S. Treasury.

“The importance of BBVA’s work in digital banking across the region cannot be overstated,” wrote the publication.

As the economy matures and the country becomes more globalized, many Colombians are looking abroad for the sake of diversifying investments, lifestyles, and simply to become more global citizens.