Best Bank Colombia: Extending Reach

Best Bank Colombia: Extending Reach

Colombia

So it may have irked some retail and corporate banks when, on top of these crisis-related aggravations, a sudden surge in local bond issuance actually dampened the profitability of lending. Colombian corporates like Argos, EPM, Isagen, and Grupo Nacional de Chocolates and financial institutions like Titularizadora Colombiana and Bancoldex have issued prolifically and successfully over the past several months, posing a challenge for banks.  “We celebrate this trend [of robust local markets] but it poses a challenge for us because our loan portfolio grows at a slower pace,” says Jorge Londoño, CEO of Bancolombia, reflecting on the past year. Managing portfolio risk h

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