February 23, 2011
Colombian financing company Finandina is now Banco Finandina after obtainin
Colombian financing company Finandina is now Banco Finandina after obtaining a banking license from the local securities regulator. "Until now we focused on offering vehicle financing and leasing, but now we will be able to expand our product portfolio," says a Finandina spokeswoman, without disclosing what new products the bank is developing. "We aim to be the first Colombian bank that specializes in financing for the automotive sector." Finandina's assets totaled COP135bn ($71m) in 2010.