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FNG enjoys public backing and remains a "strategically important entity for the Colombian government," per Fitch Ratings.

"Fitch does not anticipate a further impact on the bank's financial profile after the challenging operating environment from 2023," stated the ratings agency.

This is a country where banks still charge you for the privilege of looking after your money. Dickensian some would say.

"After receiving their remittance in Nequi, users can use the app to send money to other people, make digital and physical payments," said Maria del Pilar Correa of Nequi.

The Bayport Management subsidiary says the financing will help improve Colombians' "quality of life in terms of access to better health, education, housing, and micro-enterprises."

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The resolution brings an end to the long-running corruption and bribery saga surrounding Corficolombiana and Odebrecht's illicit attempts to gain favor with officials overseeing the Ruta del Sol 2 highway project.

Grupo Sura's $43 million USD sale of Asesuisa comes just days after it sold its holdings in Argentina to Sudamericana Holding.

Liberty Mutual Insurance and Talanx Group have finalized a deal that allows Talanx to acquire Liberty’s companies in Latin America.

Loss ratios for most of the rated insurers were up due to a higher cost of claims.