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//BFSI – Financial Services
scotiabank toronto latin america colombia
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Scotiabank Completes Transfer of Colombia, Costa Rica, and Panama Operations to Davivienda Group

As part of the deal, Scotiabank takes board seats and a partial interest in Davivienda.
Posted On November 27, 2025
, By Loren Moss
bancolombia medellin
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Fitch Ratings Affirms and Upgrades Colombian Collective Investment Fund Ratings

The collective investment funds are essentially mutual funds, money market accounts, and other pooled investment instruments managed by Bancolombia.
Posted On November 5, 2025
, By Loren Moss
If found in violation, Worldcoin may face significant penalties, including the suspension of its operations in Colombia
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Colombia Orders Immediate, Definitive Closure of Worldcoin Operations

The foundation and company were founded by tech billionaire Sam Altman, and pay people small amounts of cryptocurrency to scan their eyes and create a unique, identifiable record.
Posted On October 28, 2025
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Ecopetrol Borrows $700 Billion Colombian Pesos From Banco Davivienda

The loan from by the state controlled petroleum company from a Colombian private bank is roughly $180.3 million USD.
Posted On October 28, 2025
, By Loren Moss
Foto: Ovidio González - Presidencia
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Colombian Banks Hint They Will Support Trump Administration In Sanctions Against President Gustavo Petro

Colombian banks must now walk a tightrope between angering the outgoing president & international financial isolation.
Posted On October 25, 2025
, By Loren Moss
Scotiabank.
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Scotiabank Hit With Sanctions in Colombia After Call Center Worker Sells Data on Over 700,000 Bank Clients to Scammers

From 2019-22, Ladino Molano sent over 400 encrypted files to his personal email, exposing data of 721,000 clients at Scotiabank Colpatria.
Posted On October 10, 2025
, By Editorial Staff
Grupo Aval.
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Proposed Grupo Aval Fiduciary Consolidation Will Not Immediately Affect Ratings, says Fitch

Four companies: Fiduciaria Bogotá, Fiduciaria de Occidente, Fiduciaria Popular, and Aval Fiduciaria will merge into Aval Fiduciaria.
Posted On September 30, 2025
, By Editorial Staff
US dollars.
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Colombia Seeks to Repurchase 2030-2061 Dollar Denominated Bonds

Bondholders must submit tenders via direct participants in DTC, Euroclear, or Clearstream; no guaranteed delivery or transmittal letter provided.
Posted On August 6, 2025
, By Editorial Staff
Chubb Engineering Center Mexico.
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Chubb Launches New Engineering Center in Bogotá, Colombia

The Bogotá center will hire for software, data, AI, and infrastructure roles, emphasizing cloud and agile skills.
Posted On June 29, 2025
, By Editorial Staff
Fitch Ratings.
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Fitch Takes Action on Colombian and Central American Banks Following Colombia’s Sovereign Ratings Downgrade

This portfolio review includes Colombian banks with Issuer Default Ratings (IDR) rated at the same level or above that of the sovereign.
Posted On June 27, 2025
, By Editorial Staff
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