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Though the bank's liabilities are not explicitly guaranteed by the government, Banagrario maintains a “key role” in developing national agricultural policy.

"Banagrario's business model is consistent with its key role for the development of the government's agricultural policy,” stated Fitch Ratings.

Fitch Ratings last week published a peer review of four state-owned financial institutions in Colombia: Banco Agrario de Colombia S.A. (Banagrario), Banco de Comercio Exterior de Colombia S.A. (Bancoldex), Financiera de Desarrollo Nacional S.A. (FDN) and Financiera de Desarrollo...