Bancolombia and Bank of Tokyo Sign Agreement

Bancolombia and Bank of Tokyo Mitsubishi UFJ on Wednesday signed a cooperation agreement to increase the relationship between the two banks, in order to promote business between LatAm and Asia. The agreement will enable Bancolombia to assist clients looking for Asian investors for projects in Colombia and the rest of LatAm, offer clients financing for overseas business and help them obtain financing from export credit agencies. “We are interested in increasing our services to the most important market, which is the Asian market,” says Jaime Velasquez, vice president of finance at Bancolombia. The release added that there is interest from a lot of Asian sectors to invest in Colombia, especially in infrastructure projects.