A combination of an improved investment environment from a security standpoint and rising international commodity prices have been the principal causes of the recent growth in the extractive industries. The booms experienced by the mining and hydrocarbons industries have in turn sparked a rapid increase in royalties collected and distributed to...
A coming of age is reflected in Colombia’s increasingly deep, diverse and sophisticated capital markets. Its well-established sovereign fixed-income and foreign exchange markets have been complemented in recent years by a developing derivatives market, increased domestic corporate debt issuance and a stock exchange that has taken off since the...
Business process outsourcing (BPO) operations have become a focal point of growth within the broader IT market. As a platform for providing services within Latin America, the US and Spain, Colombia has several advantages, including an investor-friendly regulatory framework, competitive wages, a neutral Spanish accent and a variety of suitable...
The identification of the mining sector as a driver of economic growth by the incumbent administration was largely, and rationally, based on geological potential. While large coal reserves are well documented, along with smaller deposits of gold, copper, emeralds and other minerals, the most attention-grabbing aspect of the country’s geological make...
THE COMPANY: Pacific Rubiales Energy Corporation (PREC) is the largest independent exploration and production company in Colombia, and the second-largest oil and gas producer after Ecopetrol. With more than 12m net acres of exploration lands, it also holds the second-most important exploration portfolio...
The top six banks together account for 63.05% of all banking assets, 66.19% of all loans and 64.76% of all deposits in the system. While Bancolombia is the biggest stand-alone bank, accounting for 20.29% of all banking assets, Banco de Bogotá (ranked second by assets), Banco de Occidente (fifth), Banco Popular (sixth) and Banco AV Villas (eighth) –...
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