October 3, 2025
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Companies

Bancolombia 1Q 2016 Net Income Dips Year-on-Year

Medellin-based Bancolombia – Colombia’s largest bank with a growing international presence – on May 23 announced that its first quarter (1Q) 2016 net income fell 37% year-on-year (y-o-y), to COP$397 billion (US$129 million), reflecting the impact of Colombia’s slowing economy. However, Bancolombia’s net loan portfolio grew 21% y-o-y, “explained by organic net loan growth,
Companies

ISA, Nutresa Win Positive Bond Ratings from Fitch

Medellin-based electric power transmission giant ISA and Medellin-based multinational foods producer Grupo Nutresa both recently won debt-ratings upgrades from Wall Street bond rater Fitch Ratings. According to Fitch, ISA’s “issuer default ratings” (IDRs) have been boosted to “BBB+,” instead of the former “BBB” rating. The rating outlook remains “stable” while ISA’s senior
Companies

ISA 1Q 2016 Net Income Jumps 31% Year-on-Year

Medellin-based ISA – operator of Colombia’s national electric power transmission network – announced May 2 that its first quarter (1Q) 2016 net income rose 31.3% year-on-year (y-o-y), to COP$192 billion (US$65 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) hit COP$779 billion (US$229 million) in 1Q 2016 — with a 50.5% EBITDA margin,
Companies

Antioquia’s Legal Gold Miners Expanding, Getting Help from Colombian Police

The multi-billion-dollar business of gold mining in Antioquia has suffered enormously from decades of violence, land invasions, murders, extortions, environmental destruction, illegal and “informal” mining, as well as the intromission of guerrilla and “paramilitary” groups. But some hopeful signs are starting to emerge as Colombia’s National Police announced April 25 their