Colpatria Shows Interest in Granahorrar

Colombian bank Red Multibanca Colpatria has said it is interested in the upcoming privatization of state-owned Banco Granahorrar. This is the first financial institution to express interest publicly in the sale. The government hopes to push through the sale this year for at least $185 million. Spanish firms BBVA and Santander, as well as local Grupo Aval are all said to be interested in the sale.