David Vélez Osorno receives Entrepreneur of the Year 2025 award on stage, Nubank digital banking expansion visuals in background.
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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.

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.

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Superfinanciera reported that the Pacto por el Crédito completed 18 months with $241.6 trillion disbursed, reaching 94.9% of the $254.7 trillion target. It disbursed 36.4 million credits at an average weighted rate of 15.5% effective annual. The program boosted financing in key sectors like housing, tourism, and agriculture.

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.

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Ángela Marcela Ramírez, the new CEO of Daviplata, took leadership at a key moment in its evolution toward a neobank model. The platform, with over 19 million users, focuses on everyday financial services and young segments. Upcoming features include debit and credit cards, plus revolving credit starting in March.

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.

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The Federal District government ended 2025 with a R$1 billion shortfall in its cash reserves, complicating financial support for the Banco de Brasília (BRB). The state-owned bank faces losses from suspected fraudulent operations with Banco Master, under federal police investigation. Experts say Union assistance will likely be unavoidable to resolve the crisis.

 

 

 

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