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The banks are Lulo Bank, JP Morgan and BTG Pactual, that they finalize details for what will be their entry to Colombia to compete in this market.
In the case of BTG Pactual, it has already presented its banking license, while JP Morgan would receive it next December and operate as a commercial bank, according to the newspaper La República, which also emphasizes that Colombia It currently has 25 banks operating and 12 financing companies.
In what has to do with the latter, this same medium indicates that there are 4 new ones that are already in line to enter to operate in the Colombian market. The financing companies would be: Mercado Pago, an alliance between ScotiaBank and Enel, Ualá and one to be processed by Banco Santander.
JP Morgan and BTG Pactual arrive in Colombia
The first has presence in Colombia through the credit establishment JP Morgan Corporación Financiera SA, which was established nationally in 2006 and is monitored by the Superfinanciera, La República noted.
In addition, since 1964, the representative office JPMorgan Chase Bank, National Association is established in the Colombian territory, added the aforementioned media.
The company now joins others who have filed the request for the conversion to bank to be approved, as happened with the BTG Pactual.
The Brazilian bank, which has investment banking businesses and is a stock broker, also is awaiting authorization from the regulatory body to operate as a bank in the country, El Tiempo said.
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