Tag: banks

Doubts about Petro’s first congress installation

Doubts about Petro’s first congress installation

Likewise, the executive will push for the labor reform, as Petro reaffirmed from Paris a few weeks ago, so that “it can be questioned again by the Colombian society, the banker, but also the lady of the red wines. We’re going to reintroduce her and we’re going to see whose side it is Congress of […]

The financial sector is also feeling the effects of the economic slowdown

The financial sector is also feeling the effects of the economic slowdown

The consumer portfolio is the modality that provides explanations to a greater extent this dynamic, as it registered the highest quality indicator since 2009 (7.15%), while the maturities of the three modalities are slightly increasing this year. In a context of economic slowdown and tight financial conditionsat Asobancaria, we expect portfolio growth to slow from […]

Record earnings Inflation tricks: so banks almost doubled their profits thanks to our money Zero-cost liquidity thanks to our current accounts and higher returns due to inflation and the rise in the cost of money: there is a boom in extra profits The banking sector is almost never redistributed among savers. Now someone’s starting to break ranks

Record earnings Inflation tricks: so banks almost doubled their profits thanks to our money Zero-cost liquidity thanks to our current accounts and higher returns due to inflation and the rise in the cost of money: there is a boom in extra profits The banking sector is almost never redistributed among savers. Now someone’s starting to break ranks

A fire with an increasingly less efficient fire extinguisher. This can be summarized as the rise in prices that the ECB has been trying to mitigate by raising interest rates for over a year. And inflation, a word we now reminisce about the last century, has now become an overwhelming part of our lives. We […]

Banks extend loan terms

Banks extend loan terms

Banks will be able to extend the installments of floating rate housing loans after the position taken by the Italian banking association, which accepted the invitation of the Minister of Economy Giancarlo Giorgetti to help families affected by the European Central Bank’s (ECB) continuous interest rate increase. Intesa Sanpaolo announced its presence with chairman Gian […]

“Ukrainian wheat in exchange for cessation of EU sanctions on Moscow’s agricultural bank”

“Ukrainian wheat in exchange for cessation of EU sanctions on Moscow’s agricultural bank”

According to the Financial Times, stopping the sanctions against the Russian Ziraat Bank in return for the extension of the agreement on grain exports via the Black Sea will be the agreement that the European Union and Russia are working on. The bank in question is one of the banks that Brussels has suspended access […]

Cash withdrawn at the checkout: EU recommendation

Cash withdrawn at the checkout: EU recommendation

Cash withdrawals are becoming more common at more branches, including at supermarket checkouts. Even if you don’t make any purchases. This is one of the proposals included in the new package presented by the European Commission. Focusing on the digital euro-related proposal for several months, Brussels is trying to improve the availability of cash in […]

“The Colombian car market shows a constant decline”

“The Colombian car market shows a constant decline”

In May, Colombia presented 15,695 new vehicles registered, which corresponds to 30% less than in the same period in 2022 when 22,435 units were registered. This data from Andemos and with calculations from the Single National Transport Registry (Runt) shows the decline in this sector. “Contrary to what is happening in Latin American markets, with […]

Superfinanciera requests information from supervised entities

Superfinanciera requests information from supervised entities

Colombia’s financial regulator sent a letter asking for “more cooperation” at the counters of the legal representatives of banks, brokers, insurers, cooperatives and all companies and organizations supervised by the financial authority. In a few words, the document, signed by the head of the financial superintendence Cesar Ferrar, aims to access information of any person […]

Banco Agrario lowered the rates for special credit lines

Banco Agrario lowered the rates for special credit lines

Banco Agrario announced a new rate reduction in some of its lines. This is the fifth straight cut since this trend began last December and comes in response to repeated calls from President Gustavo Petro. Hernando Chica Zuccardi, president of Banco Agrario, assures that the new decline occurred in the Rural Women and Rural Youth […]

Mortgages, rates are rising again: for whom and by how much?

Mortgages, rates are rising again: for whom and by how much?

It will always cost us more to buy a house, car or take out a loan for any need in installments. Higher rates due to the fifteenth increase in the cost of money agreed on Thursday by the European Central Bank, which approved a new quarter-point increase, raising the base rate to 3.75%. It will […]

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