Category

Lorenzo Garavito believes the best investment in Colombia is to bet on the consumer. Retail, restaurants, and grocery stores are all low-risk plays with good returns.

With the new CVV2-equipped cards, Banco de Bogotá cardholders can now "make purchases online at any merchant in the world."

"This demonstrates confidence that Grupo Bancolombia and Agrícola has in El Salvador," said Juan Carlos Mora of Grupo Bancolombia.

Kukita Shinya discusses NEC's shifting business strategy, its work in the Internet of Things, and how biometrics is changing the financial services industry.

Shelton will oversee a strategy of growth to raise the Bogota-based bank's presence in Colombia and target the corporate banking sector.

Colombia's local-currency bonds brought 5.8% returns in August, the highest of 31 emerging markets tracked by Bloomberg.

"We continue to see an influx of competitors, which is a sign of the Colombia's enduring appeal," says Axel Brohm of Swiss Re.

The ratings agency gave a BBB- rating to Corpbanca Colombia's viability rating, as well as its long-term local and foreign currency issuer default ratings (IDR).

"If you can find a way to streamline the whole process while providing the same level of security, that’s a win/win," says Eric Crabtree of Unisys.

The downgrades for two of Colombia's largest banks come just weeks after a series of negative ratings actions throughout the nation.