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The move strengthens Grupo Aval's position in Colombia's fiduciary (trust) market.

As part of the restructuring, EPM reduced its number of executive positions from 247 to 206.

Fitch Ratings stated that tampering with the fiscal rule would only hinder the nation's hopeful return to investment grade.

"Fitch does not anticipate a further impact on the bank's financial profile after the challenging operating environment from 2023," stated the ratings agency.

The resolution brings an end to the long-running corruption and bribery saga surrounding Corficolombiana and Odebrecht's illicit attempts to gain favor with officials overseeing the Ruta del Sol 2 highway project.

In an unwieldy city without the resources to set itself on the right path, the candidates for Bogotá mayor are all destined to fail — just as others have been before.

The Colombian bank says that over $119 million USD has been tendered so far.

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...

According to a new report by Colombia Risk Analysis, the debate underway over pension reform in Colombia is plagued with misinformation and confusion resulting from the current divisive political climate in the country, and conflicting objectives by various political actors....

Banco de Bogotá has reached an agreement with Multi Financial Group (MFG), Panama’s eighth largest banking group by assets, to acquire 100% of its common capital for about $730 million dollars in an all-cash transaction. The proposed acquisition will add $5 billion to Banco...