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The agreement provides Scotiabank with a 20% ownership stake in the newly formed holding company, Davivienda Group.

As part of the deal, Scotiabank takes board seats and a partial interest in Davivienda.

Colombian banks must now walk a tightrope between angering the outgoing president & international financial isolation.

Di Marco, an economist from Pontificia Universidad Javeriana, has held CFO and Head of New Businesses roles at RappiPay.

Superfinanciera says it will update some instructions related to the threshold for simplified linkage in low-value intermediation operations and electronic order routing systems.

Ecopetrol is reportedly looking for alternative natural gas sources to import, as Colombia may have a 17% deficit versus demand by 2025.

Lately, investors are looking for any good news in a sea of pessimism when it comes to the local capital markets.

This is a country where banks still charge you for the privilege of looking after your money. Dickensian some would say.

A deal between Jaime Gilinski and GEA has given the Colombian mogul control of Grupo Nutresa in exchange for his stake in Grupo Sura.

Colombia's compulsory vehicle liability insurance provides roughly $72,000 or $192,000 USD in injury & disability coverage, depending on tier.