Banks
David Vélez Osorno named entrepreneur of the year 2025
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David Vélez Osorno, CEO of Nu Holdings LTD and founder of Nubank, has been named Entrepreneur of the Year 2025 by La República, for revolutionizing digital banking in Latin America and recent expansion into the United States. The award highlights Nubank's 2025 milestones, including key partnerships and new financial products. Other fintech leaders were also nominated for their innovations in Colombia.
Grupo Aval held its ordinary shareholders' assembly on Friday, highlighting 69.6% profit growth at the end of 2025 to $1.72 trillion. President María Lorena Gutiérrez warned of macroeconomic challenges, including projected inflation of 6.5% by year-end and interest rates reaching 11%. Shareholders approved $755 billion in dividends.
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Banco de Bogotá's Shareholders' Assembly confirmed Juan Carlos Echeverry Garzón as its new president starting May 6, replacing César Prado. Echeverry, with extensive experience in public and private sectors, takes over while Jorge Castaño Gutiérrez serves as interim president.
In the latest on the stalled Digital Asset Market Clarity Act, former CFTC Chair Christopher Giancarlo argues banks require regulatory clarity more urgently than crypto companies for digital payments. The bill remains deadlocked over stablecoin rewards after missing a March 1 White House deadline, amid banks' fears of capital flight.
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According to Superintendencia Financiera data as of February 27, 43.6% of credits disbursed in Colombia went to women, amounting to $2.81 billion. Consumption and housing are the main sectors where women seek bank loans. Banks like Bancolombia note that women demonstrate greater responsibility in debt repayment.
Argentine banks published the official dollar rates and other variants without exchange restrictions on Thursday February 26. The card dollar maintains a 30% surcharge for overseas expenses. Euro prices in banks were also reported.
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Bancolombia reported that all its services have returned to normal after nearly four days of infrastructure disruptions. Users faced difficulties with various digital platforms and transactions. The bank assures that no personal data was exposed nor resources affected.
Pacto por el Crédito closes with $241.6 trillion, 94.9% of target
March 24, 2026 10:32Cibest defends Banistmo sale and approves higher dividends
March 22, 2026 00:37BTG Pactual suspends Pix after hacker attack diverts R$ 100 million
March 19, 2026 17:08César Prado steps down as Banco de Bogotá president after more than two years
March 19, 2026 16:14Banco de la República awarded for Bre-B in Central Banking Awards 2026
March 07, 2026 12:28Daviplata advances toward neobank with cards and revolving credit
February 27, 2026 21:40Bancolombia to open all offices on Saturday February 28
February 27, 2026 20:31Superfinanciera raises usury rate to 25.52% in March
February 27, 2026 12:50Central bank records $13.9 trillion profits in 2025
February 26, 2026 21:59Bancoomeva proposes to distribute 1.376 million in dividends via shares