November 1, 2010
This years surge in local markets activity has spurred an unprecedented rise in revenue.
"Its been a great year," says David Felipe Pérez, vice president of financial structuring. "Were more worried about the year ahead."
Investment banking revenue is predicted to be 70% higher year-on-year by the end of 2010, a steep rise from last years record haul. Much of this comes from project finance, including thermal generator deals in Guatemala and Colombia.
For the BIBA-Jaguar Private Equity Fund, Bancolombia managed and structured a vehicle to allow insurance companies and Colombian funds to directly finance infrastructure projects abroad. The bank claims this
Leveraging deep and long-standing corporate relationships has been a successful strategy throughout the global financial crisis for Bancolombia.