trending Market Intelligence /marketintelligence/en/news-insights/trending/aCVNVvuRGsrh0sFUb1pl_Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

CEO: Banco de Bogotá's credit portfolio to grow in 2016, but slower than previous results

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


CEO: Banco de Bogotá's credit portfolio to grow in 2016, but slower than previous results

Banco de BogotáSA CEO Alejandro Figueroa expects the bank's credit portfolio to growat only about 12% in 2016 amid rising interest rates in the country after seeing13.6% credit growth in 2015, La Repúblicareported March 31.

The bank's financial margins, however, should see improvementin 2016, Figueroa noted.

The organization, which has operations in Central America, inaddition to branches in New York and Miami, will continue with its global approach,but for now Figueroa said the bank will be primarily focused on consolidating itsexisting operations.

The bank posted net profits of 1.01 trillion Colombian pesosfor the second half of 2015. For the full year of 2015, the company recorded netprofits of 2.29 trillion pesos, up 18.2% from 2014, Portafolio reported March 30.

Meanwhile, the bank's shareholders also approved a monthly dividendpayment of 230 pesos per share, the report said.

As of March 30, US$1 wasequivalent to 3,059.35 Colombian pesos.