Banks

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.

March 26, 2026 Reported by AI

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.

March 07, 2026 Reported by AI

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.

February 26, 2026 Reported by AI

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.