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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.

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

Fitch Ratings based its view on Bancolombia’s improved operating efficiency and “solid performance in 2016.”

Fitch's assessment of the Bancolombia subsidiary was "driven by the potential support it would receive from its parent if needed."

On Sept. 11, 2015, Bancolombia announced an agreement to acquire an additional 20% stake in Banco Agromercantil de Guatemala which would bring the bank’s share of Banco Agromercantil de Guatemala’s equity to 60%. Once the transaction is approved by regulators in both...

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...