Colombian banks reap dividends in Central America
When in 2008, large US and European banks left Central America as the economic crisis unfolded in developed markets, Colombian banks spotted an opportunity to take the lead in the region’s oft- overlooked financial system – a move that is paying dividends given the region’s strong growth.
Colombia is one of Latin America’s largest countries with a population of around 40 million people, and the continent’s fourth largest economy.
The country also has extensive cultural and economic links with Central America, which as a whole has a population similar to Colombia’s.
Source: Bonds and Loans