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Top related persons:
Luisa Gonzalez - 1 Noe Torres - 1 Isabel Woodford - 1
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Bogota Colombia Colombian Mexico City
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Banco - 1 Bogota - 1 Grupo Aval - 1 REUTERS - 1 Colombian - 1 Grupo - 1 Banco de Bogota - 1 Banco Popular - 1

Search resuls for: "Banco de Bogota"


4 mentions found


☆ Colombia's Grupo Aval posts 75% fall in profit as bank margins fall
  + stars: | 2023-08-17 | by ( ) www.reuters.com   time to read: +1 min
People walk in front of the Banco de Bogota, belonging to Grupo Aval, in Bogota, Colombia, October 31, 2019. REUTERS/Luisa Gonzalez/File photo Acquire Licensing RightsAug 16 (Reuters) - Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest income. In the three-month period to June, net profit reached 166.2 billion pesos ($40.6 million). The financial portfolio of Grupo Aval (GAA.CN) includes Colombian banks Banco de Bogota (BBO.CN), Banco Popular (BPO.CN), Banco AV Villas (VLL.CN) and Banco de Occidente (BOC.CN). ($1 = 4,096.08 Colombian pesos)Reporting by Noe Torres in Mexico City, Writing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.
Persons: Luisa Gonzalez, Noe Torres, Isabel Woodford Organizations: Banco, Bogota, Grupo Aval, REUTERS, Colombian, Grupo, Banco de Bogota, Banco Popular, Banco AV Villas, Occidente, Thomson Locations: Bogota, Colombia, Colombian, Mexico City
☆ IDB Invest, Banco de Bogota announce $230 mln sustainability bond
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +2 min
March 17 (Reuters) - The private investment arm of the Inter-American Development Bank's parent group on Friday announced alongside Colombia's Banco de Bogota the issue of a sustainability bond worth $230 million funding social and climate projects. Sustainability bonds are a form of debt instrument in which the proceeds are used to finance or re-finance a combination of both green and social projects. Banco de Bogota will use the funds to finance a portfolio of micro, small and medium-sized enterprises led and owned by women, it added, as well as low-income and priority housing. The Washington-based Inter-American Development Bank, along with its subsidiaries, is among the top providers of development finance in Latin America. IDB Invest said the funds generated by the new sustainability bond will also be used to pay for green buildings, renewable energy, energy efficiency projects, circular economy and sustainable agriculture.
☆ After steep climb in rates, Latam central banks show no signs of reversal
  + stars: | 2023-03-07 | by ( Isabel Woodford | ) www.reuters.com   time to read: +4 min
The Brazilian central bank's weekly survey of private economists last year foresaw cuts in June 2023, but a recent survey pushed the forecast back to November. The central bank's poll of traders now expects cuts won't come until May, likely making Chile the first mover. "We've had a quite a few hawkish comments from central banks across the region, pushing back against the idea of rate cuts," she added. That gives central banks the message that it's not quite time to think about a more relaxed monetary policy," he said. Political unrest in Peru may have also moved back the goalpost for cuts, with the central bank warning that protests have caused supply chain disruption and impacted consumer prices.
☆ Colombia's Grupo Aval posts 23.2% decrease in Q3 net profit
  + stars: | 2022-11-17 | by ( ) www.reuters.com   time to read: +1 min
Nov 16 (Reuters) - Colombian financial conglomerate Grupo Aval (GAA.CN) reported third quarter net profit down 23.2% from a year earlier on Wednesday, landing at 929.8 billion pesos ($193.4 million), citing a higher effective tax rate and increased costs. The conglomerate's portfolio includes Colombian banks Banco de Bogota (BBO.CN), Banco Popular (BPO.CN), Banco AV Villas (VLL.CN) and Banco de Occidente (BOC.CN). The central bank of Latin America's fourth-largest economy has raised its benchmark interest rate to 11% - its highest level in 21 years - in continued efforts to respond to rising inflation. Grupo Aval, controlled by business magnate Luis Carlos Sarmiento, said its consolidated portfolio grew 16.5% during the quarter compared to 3Q21. (1 dollar = 4,806.07 Colombian pesos at end-September)Reporting by Aida Pelaez Fernandez and Carolina Pulice, Writing by Kylie Madry; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.
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