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Bancolombia was founded on January 29, 1875 as "Banco de Colombia" in Medellín, Colombia. [2] In 1929 the bank began trading on the Bolsa de Bogotá.In 1995 the bank became the first Colombian company to trade on the New York Stock Exchange.
Founded in 1870, Banco de Bogotá is the oldest commercial banking institution in Colombia, and operates through approximately 650 branches, five corporate service centers and a banking attention center in the country. On a national level, it also operates through subsidiaries: Corporacion Financiera Colombiana S.A., an investment bank ...
Banco de Occidente began operations as a commercial banking corporation, duly incorporated, on May 3, 1965, under the administration of the first manager, Mr. Alfonso Díaz. Its orientation and scope initially maintained a regional tone during the first years, a period during which the development of the banking sector was really slow.
The Bank of the Republic (Spanish: Banco de la República) is the central bank of Colombia. It was initially established under the regeneration era in 1880. Its main modern functions, under the new Colombian constitution were detailed by Congress according to Ley 31 de 1992. One of them is the issuance of the Colombian currency, the peso.
The Bank of Foreign Trade (Spanish: Banco de Comercio Exterior), Bancóldex, is a state owned [citation needed] commercial bank [1] that operates as Colombia's entrepreneurial development and export-import bank, providing long- and short-term financing and specialised financial products to support Colombian exports and other foreign trade-related activities with the goal to modernise companies ...
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Renamed Banco Andino, it became one of the most efficient banks in the Colombian banking system within four years. The Gilinski Group sold the reconstituted bank for a reported $70 million. [2] The family then moved to purchase Banco de Colombia for $365 million, in what was then the largest privatization in Colombia's history.
Until 1870, there were no banks in Colombia, with the Church and major merchants dominating the credit market. Gold, silver, nickel and copper coins circulated, but no notes were yet issued by the country's still underdeveloped monetary system. The Bank of Bogotá (Banco de Bogotá) was the first private bank to be founded in Colombia in 1870. [1]