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The $600 million USD of unsecured notes will be used to repay a senior bridge loan due next year on January 11.

The first international syndicated facility arranged for BAC Guatemala was 1.7x oversubscribed, said Bladex.

Fitch based its improved outlook on Banco de Bogotá's "solid and consistent financial performance" and "sound asset quality and reserves."

The downgrades for two of Colombia's largest banks come just weeks after a series of negative ratings actions throughout the nation.

Though Bancolombia's recapitalization plan may yield dividends, "Fitch does not expect capitalization to return to levels reported in 2014 during this period."

2015 was characterized by economic deceleration and a general market uncertainty attributed to factors such as the Colombian peso’s devaluation, the fall in petroleum prices globally, a higher rate of inflation, the rise in interest rates, peace process negotiations, and the high...

Grupo Inmovis entered and won Colombian banking conglomerate Grupo Aval’s third annual financial technology innovation challenge, with their mobile real estate app Avanca. “How do I find the perfect house according to my budget?” is the question Inmovis hopes Colombians will...

Visa users within Grupo Aval’s Banks: Banco Occidente, Banco de Bogotá, Banco AV Villas, and Banco Popular and have an Android or iOS smartphone will be the first to Access Aval Pay, a new digital wallet in Colombia. The platform was developed using technology by Yellow Pepper,...

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...