Displaying items by tag: BANCOLOMBIA
Bancolombia leads US$6.1 million investment for sustainability in 4 Central American countries
Since the launch of its first credit with an environmental focus, the entity has delivered more than US$6.1 billion in more than 4,000 operations to support sustainable initiatives: US$4.886 billion in Colombia, US$1.015 billion in Panama, US$59.69 million in Guatemala, and US$159.22 million in El Salvador.
BANCOLOMBIA highlights El Salvador's economic growth during 2023
According to a Central American economic report by BANCOLOMBIA, it reflects that, during the third quarter of 2023, El Salvador's economy grew 3.6% annually, driven by the deceleration of inflation, household consumption, public and private investment, exports, and the dynamism of the construction and public services sectors.
What is the role of sustainability in the country?
The Asociación Bancaria Salvadoreña (ABANSA), held a webinar in which experts talked about What is the role of banking in sustainability, which was given by Franco Piza, Director of Sustainability of Bancolombia.
Bancolombia will now have presence in the United States
The Superintendencia Financiera de Colombia (SFC) authorized Grupo Bancolombia to initiate procedures for the creation of a new broker-dealer and an investment advisor in the United States. These companies will allow the Group to deepen its internationalization strategy, which already consolidates its presence in Central America with personal, commercial and corporate banking.
Disbursements under Bancolombia credit line total US$233.3 million
The objective of this line of credit is to leverage compliance with the Sustainable Development Goals (SDGs) and encourage clients to comply with annual Environmental, Social and Governance indicators by reducing the interest rate of the loan.