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//BFSI – Financial Services
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Bayport Colombia Receives The 1st $50 Million USD Of A $200 Million Credit Line By US Development Finance Corporation

This is a senior credit line announced in 2020 granted by the United States International Development Finance Corporation
Posted On June 30, 2021
, By Loren Moss
Colombian native Leonardo Garzon (above) has been appointed as the new Latin America managing director for global insurance provider McLarens,
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Leonardo Garzon Appointed McLarens Managing Director For Latin America

Garzon is a recognized leader within the region, holding 25 years of experience in forensic engineering, construction vulnerabilities, and pre-loss and post-loss consulting. His experience in the provision of risk and loss adjusting services includes advising on high value...
Posted On June 28, 2021
, By Loren Moss
Iris CEO, banking industry veteran Lorenzo Garavito.
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New Colombian Digital Bank “Iris” Seeks To Enable Business Clients With Technology

The new Colombian tech-forward bank offers interest bearing business accounts with no transactions or maintenance fees, and a 100% digital services portfolio, says Iris CEO, banking industry veteran Lorenzo Garavito.
Posted On June 9, 2021
, By Loren Moss
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Colombian Financial Entities Take Ratings Hit After Country Currency Downgraded To Junk

As ratings agency Standard & Poor lowered Colombia's sovereign currency rating from investment grade into junk status, two government development banks and one commercial bank also took the hit. Findeter, FDN & Banco Davivienda al saw credit ratings drop out of investment grade,...
Posted On May 21, 2021
, By Loren Moss
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Don’t Miss: Bonds & Loans Andes 2021 – Virtual Conference, April 27th

There has never been a more important time to bring together 200+ of the Andean region's most senior issuers, investors, bankers, rating agencies and lawyers to share knowledge, debate and network.  Finance Colombia readers receive a discount with the code FC10
Posted On April 6, 2021
, By Loren Moss
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Finance Colombia Returns As Supporting Partner For The Only Andean Region Credit Markets Event

Don’t miss this opportunity to join over 200 of the Andean region’s most senior investment, capital markets and finance professionals. Register online here or contact Jessica Wheater
Posted On March 31, 2021
, By Loren Moss
What Jumps Out, Easter 2021
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Opinion: Easter Potpourri & Why Colombia’s COLCAP Is Struggling To Attract Investors

Colombians are very much ‘on the road’ this week, there may be strict limitations in terms of religious processions and gatherings however in order to compensate themselves, the populace have scattered themselves to the winds. A week or so ago I made mention of a...
Posted On March 30, 2021
, By Rupert Stebbings
Drone inspection. Operator inspecting construction building turbine power plant
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P&C Insurer Chubb Launches Drone Inspection Program In Colombia

Chubb Risk Engineering initially developed this service in North America, then introducing it in Chile during 2018, then rolling it out to several Latin American countries.
Posted On March 2, 2021
, By Loren Moss
Allianz
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Allianz Fined By Colombian Government For Obstructing Investigation Into Über

According to Supertransporte, Allianz refused to respond to multiple requests from the regulatory agency, which has been battling Über and other transportation innovators in Colombia
Posted On February 5, 2021
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Moody’s Says Outlook Negative on Colombian Banks Davivienda, Bancolombia, & Grupo Aval’s Banco de Bogota

Moody's changed to negative, from stable, the outlook on Bancolombia's ratings, while it maintained the negative rating outlook on Banco de Bogota and Davivienda. These actions follow the change in outlook to negative, from stable, on the Government of Colombia's Baa2 government...
Posted On December 17, 2020
, By Loren Moss
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