Brazil s five biggest banks maintained their positions as the largest lenders by assets in Latin America and the Caribbean, with one Chilean major making its way into the top ten, in part due to the Chilean peso s strong appreciation against the U.S. dollar through 2020.
Brazil s Itaú Unibanco Holding SA, Banco do Brasil SA, Banco Bradesco SA, Caixa Econômica Federal and Banco Santander (Brasil) SA, Mexico s Grupo Financiero BBVA Bancomer SA de CV and Colombia s Grupo Aval Acciones y Valores SA all retained the top seven spots on the latest edition of S&P Global Market Intelligence s regional bank rankings.
Colombia s prosecution under fire for absolving CEO of corrupt banking giant colombiareports.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from colombiareports.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
BOGOTA, March 12 (Reuters) - Grupo Aval, Colombia’s largest financial conglomerate, on Friday reported a 13.7% fall in 2020 net profit, which it attributed to a deterioration of its loan portfolio due to the effects of the coronavirus pandemic, and increased costs.
Grupo Aval’s net profit came in at 4.63 trillion pesos ($1.3 billion) last year, down from the record 5.36 trillion pesos it reported for 2019. Fourth-quarter net profit rose 9.4% year-on-year to 1.4 trillion pesos.
Net interest income rose 6% during 2020 to 11.9 trillion pesos, the company said in a statement released late on Thursday. Outstanding debt rose 49.4% to 6.26 trillion pesos, it added.
Are corrupt politicians plotting against Colombia s ex-president? colombiareports.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from colombiareports.com Daily Mail and Mail on Sunday newspapers.
March 8, 2021
Colombia’s prosecution should be investigating the alleged corruption of Colombia’s most powerful banker, but opened unrelated criminal investigations instead.
In a press release, the prosecution implied in late February that it would revive “the Odebrecht Case,” but apparently forgot to include the biggest stars in the corruption scandal.
In fact, none of the “three fronts” in the investigation have anything to do with the corruption-ridden “Ruta del Sol II” project that implicate Colombia’s richest man, Luis Carlos Sarmiento, and former chief prosecutor Nestor Humberto Martinez.
The prosecution’s “new” investigations
One of the investigations targets Carlos Alberto Acero, the former subordinate of Jorge Enrique Pizano, who died of cyanide poisoning in November 2018 after blowing the whistle on fraud in the Ruta del Sol II project.