Colombia

Colombian-based Coltefinanciera has set a factoring business target of more than 65 per cent growth in 2012.

The Colombian financial institution, Coltefinanciera, has reported an increase in its factoring portfolio, from January to August 2011, of 85 per cent over the same period in 2010, from US$217.9 million to US$402.8 million.

The Colombian finance company, Regional Dann, has opened offices in the city of Barranquilla as part of its commitment to business development and productive infrastructure in the region.

Coltefinanciera has announced it has doubled the volume of its loans in the past two years, with the company recording

Colombian factoring provider Coltefinanciera S.A. recorded a year-on year increase in factoring turnover...

Bancolombia confirmed today that it has sold an unproductive portfolio representing a capital amount of

Laura Cristina Otoya Tono, International Manager at Factoring Bancolombia in Colombia, provides Factorscan with an overview of the Colmbian factoring market covering industry environment, market performance, supply and future trends.

Inter-American Development Bank called for support for small and medium enterprises in Latin America and the Caribbean amid the global financial storm.

Factorscan talks with Laura Cristina Otoya Tono, International Director at Factoring Bancolombia, about developments in the Colombian factoring market, unique features of the regional market and how the current crisis is affecting the provision of factoring services in Colombia.

Colombian ratings agency DCR upgrades long and short-term debt ratings on Bancolombia's factoring unit.