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Fitch backs efficiency of Bancolombia Panama's Banco Agrícola in El Salvador

Tuesday, February 14, 2012

Fitch Ratings has affirmed Bancolombia Panama's (BP) Issuer Default Ratings with a Stable Rating Outlook.

BP's efficiency ratios have improved after deteriorating following the acquisition of Banco Agrícola and are gradually returning to historical levels.

Banco Agrícola is a well-positioned bank that runs an efficient and profitable universal banking business in El Salvador.

Source: Reuters