Take-off for the Colombian insurance sector began in the 1990s, when trade liberalisation and a series of financial reforms fostered competition within the sector. Among important changes brought about by Law 45 of December 1990, known as the financial reform law, were the elimination of uniformity among policies and premiums, the establishment of new solvency and...
The bond market in Colombia was the fifth-largest fixed-income market in the world in terms of traded value at the end of 2013, according to the World Federation of Exchanges. The market expanded dramatically between 2002 and 2011, when the number of outstanding titles grew by 249% and the total of traded volume doubled during the same period.
During...
Ecopetrol is the largest company in Colombia. It plays a key role in the economy, in which oil is the main export product. With more than 60 years of operational experience, Ecopetrol is one of the 50 largest oil and gas companies in the world. It is ranked by Petroleum Intelligence Weekly as the 43rd largest oil company. Its controlling shareholder is the Colombian...
Created in 1896, Empresa de Energía de Bogotá (EEB) is a utility holding with a presence in the segments of electricity generation, electricity distribution, gas transport and gas distribution in Colombia; gas distribution in Peru; and gas and electricity transmission in Colombia, Peru and Guatemala.
Grupo Aval is the largest and most profitable financial group in Colombia and Central America. It operates through four banks in Colombia: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas; one bank in Central America: Banco de América Central (BAC) Credomatic; a pension fund manager in Colombia (Porvenir) and a merchant bank in Colombia (...
With more than 38,000 employees and over 6m customers, Grupo Éxito is the leading company in Colombia’s retail sector, and the largest in South America. It operates 470 stores directly, with a presence in 87 municipalities in Colombia. The company has been operating for more than a century and maintains a market share of 44%. In 2007 Casino Group of France acquired...
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