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Credifinanciera closes Banco ProCredit Colombia deal

Créditos y Ahorro Credifinanciera SA Compañía de Financiamiento, or Credifinanciera, completed its acquisition of all shares of Banco ProCredit Colombia SA, according to a statement posted on financial regulator SFC's website.

The SFC approved the transaction in September. The terms of the deal were not disclosed.

Banco ProCredit Colombia's assets amount to 193.47 billion pesos as of the second quarter of 2019, according to data from S&P Global Market Intelligence.

As of Oct. 16, US$1 was equivalent to 3,458.10 Colombian pesos.