$6.84 Billion From Colombian Banks in Central America
Monday, October 7, 2013
Since 2007 Colombian bankers have made progress in the region, led by Bancolombia with $3,216 million and Grupo Aval with $2.821 million.
For example, in Panama they have operations with "......
Central America Banks: Solid But Less Profitable
Wednesday, September 25, 2013
In the last year, the sector was characterized by lower loan growth, lower returns and higher funding costs.
Fitch has presented its Special Report on the Central...
Nicaragua Must Prepare for FATCA
Tuesday, September 24, 2013
The measures taken by the U.S. Treasury to pursue American tax evaders affect about 150,000 bank customers in the country.
In late April 2014, financial institutions must adhere...
Guatemala Joins South American Financial Action Task
Wednesday, July 24, 2013
Adherence to the group known as GAFISUD by its initials in Spanish will strengthen the work on preventing and combating money laundering and repressing terrorist financing .
A press release from the Superintendency of Banks of...
U.S. Defers Enforceability of FATCA
Monday, July 15, 2013
The fulfillment of the obligation to report on foreign bank accounts belonging to U.S. citizens has been postponed to July 1, 2014.
This was announced by the U.S. Treasury through a...
Banco Popular de Costa Rica Seeks More Regional Funding
Friday, July 12, 2013
Using standardized issuances, the Costa Rican entity intends to raise funds in the financial markets of Nicaragua, El Salvador and Mexico.
The idea "... is to raise funds by issuing securities on...
BAC Credomatic Buys Guatemalan Bank
Thursday, June 27, 2013
The bank, owned by Colombia's Grupo Aval has bought Grupo Financiero, which includes Banco Reformador in Guatemala and Transcom Bank Limited of Barbados.
The only thing now pending is approval of this...
$300 million to Fund Spanish Companies in Latin America
Thursday, April 11, 2013
The Development Bank of Latin America has provided a loan of $300 million to the Spanish Official Credit Institute for promoting business development between Spain and Latin America.
From a press release issued by the Development Bank of...