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Yesterday, Dallas, Texas based Christus Health announced the signing of an agreement with Cali based Grupo Empresarial Coomeva Cooperativa Medica (Coomeva) in Colombia that will lead to definitive agreements in early 2016. Discussions began two years ago between Christus Health,...

Global law firm Baker & McKenzie has launched the Cross Border M&A Index, a study in conjunction with Merger Market, which forecasts a 10% growth in cross border M&A transactions driven primarily by the US, EU, and Asian markets. Still, of the $375 billion (USD)...

On Sept. 11, 2015, Bancolombia announced an agreement to acquire an additional 20% stake in Banco Agromercantil de Guatemala which would bring the bank’s share of Banco Agromercantil de Guatemala’s equity to 60%. Once the transaction is approved by regulators in both...

Credivalores-Crediservicios SAS, a large consumer lender in Colombia, announced on October 13 the successful closing of a COP $ 270,000 million ($93 million USD) syndicated structured loan with a tenor of 60 months and a revolving availability period of 3 years. This new facility...

Multibank, the Colombian bank owned by Panama based Multibank, Inc. has recently released its online banking platform across its various customer segments. The primary phase of the online banking release allows customers to verify balances and make some payments. The second...

Less than a month after announcing that it was suspending domestic activity in the Colombian market, Finance Colombia has learned that Paypal and Davivienda, a major Colombian bank, plan to announce an alliance this week that makes Davivienda the exclusive banking channel for...

Global IT services firm Unisys has announced a vertical realignment of its LACSA region (Latin America, Central, South & Andean), naming current Vice President and General Manager Carlos Ferrer (above) as the head of the region’s financial services practice. Unisys counts...

Visa users within Grupo Aval’s Banks: Banco Occidente, Banco de Bogotá, Banco AV Villas, and Banco Popular and have an Android or iOS smartphone will be the first to Access Aval Pay, a new digital wallet in Colombia. The platform was developed using technology by Yellow Pepper,...

PayPal, the global electronic payments system that was purchased, then spun out of internet auction platform eBay, recently announced that it is pulling out of Colombia, at least for domestic payments. The company, that allows individuals and businesses to send money to each...

Not counting the rest of Colombia, Bogotá and Medellín alone face a total of $43.97 billion USD of risk over the next decade, according to analysis by Lloyd’s of London. Human created risks, such as terrorism, cyber attacks, or market collapse make up 45% of the measured risk....