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Fitch Ratings-New York-21 July 2015: Fitch Ratings has completed its review of Colombia’s five largest banks and their related entities. As a result of the review, the ratings for Bancolombia and Banco Davivienda have been upgraded and the ratings for Banco de Bogota, BBVA...

From July 6, Bancolombia’s customers are now able to use the Visa Checkout online service with any of their Bancolombia charge cards, not just Visa. Visa Checkout is employed by over 100,000 online merchants globally so far, and this further enables Bancolombia customers to make...

Users of Microsoft’s Windows Phone 8.1 who hold accounts at Bancolombia may now take advantage of the Bancolombia App for Windows Phone. The application has been downloaded over 18,000 times, and was designed by the bank to allow users to interact with the institution in a...

The strong U.S. dollar, Colombian peso (COP) depreciation and slow growth in Latin American economies are not expected to be serious threats to the credit strengths of Colombia’s largest private banks, says Fitch Ratings. In a strong dollar environment, Colombia’s...

The introduction of IFRS reporting in 2015 for Colombian banks is an improvement in financial disclosure, says Fitch Ratings. A majority of IFRS rules became effective for all Colombian financial institutions on Jan. 1, 2015 and introduced material changes in the treatment of...