Banks

Finance Minister Elisabeth Svantesson (M) directs sharp criticism at the major banks for not lowering variable mortgage rates despite falling market rates after earlier hikes. Only SEB has made a minor reduction so far.

May 11, 2026 Reported by AI

A Bogotá court admitted a group action in August 2025 against more than 50 financial entities for alleged harm caused by delays in applying the 4x1000 tax reform.

Mexico's government announced the elimination of bank commissions for paying gasoline with credit and debit cards at service stations, offering discounts of up to 7.45 pesos per transaction. The measure, presented on April 27 by President Claudia Sheinbaum and Finance Secretary Édgar Amador, takes effect on May 1 and aims to curb inflation. It was agreed with the Mexican Banking Association and other institutions.

April 25, 2026 Reported by AI

In 2026, organizations in Colombia face an average of 2,803 weekly cyberattacks, with potential losses up to US$6.3 million per incident. Recent data leaks via third-party providers have exposed sensitive information from BBVA and Nubank clients, as well as from entities like Supersalud and Dian. Experts warn about the vulnerability of these weak links in the security chain.

A nullity lawsuit was filed before the Full Chamber of the Council of State against article 35 of decree 2520 of 1993, which sets the Banco de la República's statutes. The article requires the Finance Minister's presence for the Board of Directors to convene. The suit claims it violates articles 371 and 372 of the Political Constitution.

April 06, 2026 Reported by AI

Banco GNB Sudameris reported a net profit of $1.8 trillion at the end of 2025, a 570.84% increase from 2024. This placed it as Colombia's second most profitable bank, behind only Bancolombia.