If Colombia is to avoid slower growth it must boost domestic investment to offset a weakening external environment, says its finance minister Mauricio Cárdenas
Category: Regions
Posted inMagazine
Bank of the Year, Colombia: Banco de Bogotá
Colombian banks are competing aggressively at home and abroad. Banco de Bogotá’s numbers show a conservative
Posted inMagazine
Bank of the Year, Peru: Banco de Crédito del Perú
BCP is growing its retail businesses and expanding consumer lending
Posted inMagazine
Investment Bank of the Year, Colombia: Bancolombia
Already a league table leader, Bancolombia plans to extend its investment banking capacities
Posted inMagazine
Bank of the Year, Dominican Republic: Banco Popular Dominicano
Fiscal reform in the republic has put pressure on bank profitability
Posted inMagazine
Bank of the Year, Venezuela: Banco Banesco
Banesco has extended its international reach with operations in Colombia and Spain
Posted inMagazine
M&A news: Long-distance calls
A new, Brazil-based communications giant is in the making as Oi and Portugal Telecom consolidate their alliance
Posted inMagazine
Multilateral Development Bank of the Year: CAF
With a focus on infrastructure, the multilateral lender has expanded its loan book and is prepared for greater demand as markets turn sour
Posted inMagazine
Bank of the Year, Ecuador: Banco de Guayaquil
In a difficult year for Ecuadorean banks, one lender stands out for making the best of a tricky situation
Posted inDaily Brief
American’s Comex Bid Denied Again
Mexican antitrust regulators have denied an appeal to Sherwin-Williams in its quest to acquire Consorcio Comex, Sherwin says, meaning the acquisition isn’t authorized. The US paint maker “is considering all options, including whether to refile with the [Mexican Competition] Commission.” The parties agreed last year on the $2.34bn sale of all of Comex, before regulators challenged the Mexican portion in July. Officials were concerned about the ability to set artificially high prices in Mexico. In September, Sherwin completed the acquisition of Comex’s US and Canadian businesses, for $90m cash and $75m assumed liabilities. HSBC and JPMorgan have been advising Comex and Goldman Sachs advising Sherwin.