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The switch, which will formally take place on September 4, marks the first leadership change for the Bancoldex.

Though lower profitability won't affect the ratings of most reinsurers, "a couple of highly leveraged companies could suffer downgrades," stated Fitch.

"We make a digital banking platform that works across the mobile channel, internet banking channel, smartphones, tablets," says Marcelo González of VeriTran.

The $600 million USD of unsecured notes will be used to repay a senior bridge loan due next year on January 11.

"More companies in Colombia right now are becoming mutlilatinas," says Carlos Ferrer of Unisys, "and we are identifying many more opportunities to provide those global solutions."

Overall, 25.7 million Colombians have now used at least one financial product. Of the nearly one million added in 2016, more than half were women.

The sale of Generali Colombia come as a result of Generali's strategy to move out of Latin America and Talanx's push to grow in the region.

Miyamoto, which specializes in engineering buildings to withstand earthquakes, operates a project in Pasto and has launched its first South American office in Bogotá.

All Bladex stockholders as of August 2 will be eligible to receive the the quarterly cash dividend of $0.385 USD per share on August 17.

Branded as the Route of Financial Inclusion, Banco de Bogotá's bus campaign has already visited the departments of Cauca, Caquetá, and Huila this year.