Tag Archives: Colombia

Four is company at Grupo Aval

Banking consolidation is often cited as a challenge in Latin America. In the past, banking crises have led to acquisitive growth opportunities for those banks that have been relatively less stricken, while customers have sought out the strongest banks for … Continue reading

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UBS spies inflection point for EM banks’ valuations

Emerging market (EM) banks could be on the verge of outperformance due to a structural improvement in both COE and the return on that equity, according to new research from UBS. Recent falls in COE – and signs that a … Continue reading

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Citi pulls out of more LatAm markets

Citi has confirmed it is to exit retail banking in Brazil, Colombia and Argentina in a further round of retrenchment from the region – with these latest three joining six other regional businesses sold in the past two years. The … Continue reading

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Infrastructure lessons from Colombia

Road-building is a classic tool to boost a flagging economy. But as Luis Fernando Andrade, president of Colombia’s national infrastructure agency, tells it, it isn’t plain sailing. Colombia began working on its so-called 4G toll-road project in late 2011. With … Continue reading

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LatAm central banks: Monetary policymakers need fiscal friends

Latin America’s leading central bankers have appealed for help from their finance ministers and highlighted the limits of monetary policy in weathering the severe terms-of-trade shock affecting the region. The slowdown in China and the end of the commodities super-cycle … Continue reading

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Interview with: Mauricio Cárdenas, Finance Minister of Colombia

On meeting Mauricio Cárdenas one isn’t immediately reminded of Margaret Thatcher. Or Mikhael Gorbachev. But Cárdenas acknowledges that he has something in common with these politicians (and other notable examples): a big gap between domestic and international perception and appreciation. … Continue reading

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Debt capital markets: Colombian bond reflects LatAm’s new reality

Colombia’s $1.5 billion 10-year benchmark bond, issued in mid-September, paid investors a big new issue premium and illustrates the new pricing dynamics for Latin American credits. The sovereign, rated Baa2/BBB/BBB, sold the paper, which pays a 4.5% coupon, at 98.762 … Continue reading

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