trending Market Intelligence /marketintelligence/en/news-insights/trending/vI9QqKBix3rktV6MbI4yGQ2 content esgSubNav
In This List

Colombian financing firm Serfinansa gets green light for banking operations

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Colombian financing firm Serfinansa gets green light for banking operations

Colombian regulators granted permission to financing company Serfinansa SA to operate as a bank, according to a resolution filed by the Superfinanciera.

The Barranquilla-based financial company that is focused on credits for individuals and companies is majority-held by OLÍMPICA SA

In its resolution, regulators said that Serfinansa has the minimum capital legally required of them to operate as a bank. It also has technical and operative infrastructure, while it is also registered with the Guarantee Fund for Financial Institutions.

The request had been submitted in September 2018, with the approval of 95% of the company's board, according to a report from La República. Grupo Olímpica, which owns 81% of Serfinansa, is managed by the Char family.