Corpbanca Moves up Colombian Banking Ladder

Corpbanca Moves up Colombian Banking Ladder

Chile Colombia M&A

Chile’s Corpgroup is set to increase its scale in Colombia following an agreement to purchase Helm Bank for an expected $1.28bn. Helm had long been rumored to be for sale while international players paid high premiums to scoop up other Colombian banks in the past year. The deal, seen as coming cheaper than other recent Colombian FIG deals, follows on from the group’s $1.23bn purchase of Santander Colombia and makes Corpbanca Colombia’s fifth-largest bank. “The price paid in our opinion is reason

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