Bancolombia, the Andean country’s biggest individual bank, is still thinking big.
Its Panamanian affiliate has reached a deal to buy a 40 per cent stake in Grupo Financiero Agromercantil, or GFA, owner several banking and financial institutions in Guatemala.
“The negotiation of the Grupo Financiero Agromercantil is essential to continue our international growth plan. The Central American financial sector has evolved significantly in recent years,” said Carlos Raúl Yepes, Bancolombia’s president. Continue reading »