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About 80% of the sum will be devoted to operations in Colombia with the remainder going to holdings in Panama, Guatemala, and El Salvador.

The dividend will be paid in four quarterly installments of 255 pesos on April 2, July 3, October 1, and January 2.

This was the first round of a planned $300 million USD series of corporate bond issuances.

Others with outlook drops include Seguros Generales Suramericana, Confianza, ISA, EPM, and Enel Americas.

This was worst performance in eight years — below even the sluggish 1.96% growth of 2016 — and represents the third lowest rate this century.

The program led to more than 30,000 new bank accounts being opened and some 2,000 people receiving education in financial services.

Growth will be driven by higher commodities prices, improved household consumption, and a more balanced performance across various sectors.

The goal of introducing fingerprint ID is to make the app both easier to use and more secure for its customers.

“It is no longer necessary to travel to a physical branch of Bancolombia to send or receive an international transfer,” said the firm.

Exito plans to monetize its Big Data assets through a program called Puntos Colombia, which has been developed with Bancolombia and will launch in early 2018.