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

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


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.