Presentación de PowerPoint - Bancóldex€¦ · · 2011-04-03• 2011 Colombian GDP’s forecast...
Transcript of Presentación de PowerPoint - Bancóldex€¦ · · 2011-04-03• 2011 Colombian GDP’s forecast...
2007 2008 2009 2010* 2011f
GDP (USD bn) 207 243 235 273 313Real GDP growth (%) 6,3 2,7 0,8 4,2 4,6Annual Inflation (%) 5,7 7,7 2,0 3,2 3,6Fiscal Balance (% GDP) -0,6 -0,1 -2,7 -2,9 -3,0Current Account (%GDP -2,9 -2,8 -2,1 -2,5 -2,2
Exports f.o.b. (USD bn) 30,0 37,6 32,9 39,1 43,9
Imports f.o.b. (USD bn) 32,9 39,7 32,9 37,6 42,1
External Debt (USD bn) 44,6 46,4 53,7 59,6 63,8
External Debt (% GDP) 21,5 19,1 23,0 21,8 20,4
International Reserves (USD bn) 20,9 23,7 25,4 28,5 30,3
Sovereign rating :
Ba1 (Moody’s)
BB+ (Fitch & Duff & Phelps)
BB+ (Standard & Poor’s)
Outlook positive
Source: Banco de la República, Consensus Forecast, Dane , Bancoldex
Source: Ministerio de Hacienda
Colombia: general overview
PIB Latam 2010 PIB Latam 2011
-2 0 2 4 6 8 10 12
Venezuela
Ecuador
Mexico
Bolivia
Paraguay
Colombia
Brazil
Uruguay
Argentina
Chile
Peru
0,0 2,0 4,0 6,0 8,0 10,0
Venezuela
Ecuador
Mexico
Bolivia
Paraguay
Colombia
Brazil
Uruguay
Argentina
Chile
Peru
A more sustainable recovery in the region
Source: Dane, Forecast by Consensus Forecast
-10,0% -5,0% 0,0% 5,0% 10,0% 15,0%
Agricul/ farming
Mining
Manufacturing Ind.
Construction
Retail
Transport & communications.
Financial services
2010 2009
-10,0% -5,0% 0,0% 5,0% 10,0% 15,0% 20,0%
Household consumption
Goverment consumption
Fixed invest.
Exports
Imports
2010 2009
Economy growth is driven by consumption and mining sector
Source: Dane,
GDP Demand January- September(yoy%)
GDP Supply January- September(yoy%)
-20
-15
-10
-5
0
5
10
15
20
oct-
05
oct-
06
oct-
07
oct-
08
oct-
09
oct-
10-10
-5
0
5
10
15
20
25
oct-
05
oct-
06
oct-
07
oct-
08
oct-
09
oct-
10
Source: Dane,
Indicators are gaining momentum
Industrial Production (%yoy) Retail Sales (%yoy)
35.974
22.904
13.070
29.663
16.06913.595
0
5000
10000
15000
20000
25000
30000
35000
40000
Total Traditional Non traditional
2010* 2009*
21,3%
42,5%
14,6%
63,4%
12,9%
36,8%
-3,9%
-20,0% 0,0% 20,0% 40,0% 60,0% 80,0%
Total
Traditional
Coffee
Oil & Derivates
Coal
Ferronickel
Non- Traditional
Source: Dane,
Foreign trade shows a better performance
ExportsJan – Nov (USD million)
ExportsJan – Nov 2010 (% yoy)
Expo
rtsIm
ports
By country By sector/ product
Trade structure
USA42,1%
Others 34,9%
China5,2%
Ecuador4,5%
Netherlands
4,1%
Venezuela3,6%
Peru2,9%
Brazil2,7%
USA25,8%
Others38,0%
China13,1%
Mexico9,5%
Brazil5,9%
Germany4,2% Argentina
3,5%
Consumption Goods
34%
Raw Materials
and Intermediate Products
30%
Capital Goods and Construction
Materials11%
Others6%
Coffee4,4%
Oil & Derivates
41,2%
Coal15,6%
Ferronickel2,4%
Non-Traditional
36,3%
Source: Dane,
4,5
5,7
7,7
2
3,173,57
2006 2007 2008 2009 2010 2011p
25,53
17,85
15,56
15,65
9,50
17,85
10,04
6,54
5,90
3,0
0 10 20 30
Consumption
Ordinary
Preferential
Treasury
Central Bank Jan-11
Source: Dane, Banco de la República
An effective monetary policy led to decrease interest rates.Inflation is according to Central Bank range target
Commercial Interest Rates(%)
Inflation(CPI annual variation %)
41,8
38,2
32,9
28,526
22,424,8
26,9 27,7 28,4
20
25
30
35
40
45
2002
2003
2004
2005
2006
2007
2008
2009
2010
*
2011
p
-0,6-0,1
-2,7-2,9 -3,0
-2,7-2,3
-4,1-3,7 -3,7
2007 2008 2009 2010 * 2011p
Consolidate Central Government
Source: Ministerio de Hacienda, Banco de la República
Colombian government tightened public spending to avoid an increase of fiscal deficit
Fiscal Balance (% GDP) Public Debt (% GDP)
0100200300400500600700
ene-
08ab
r-08
jul-0
8
oct-
08
ene-
09ab
r-09
jul-0
9
oct-
09
ene-
10ab
r-10
jul-1
0
oct-
10
ene-
11
Colombia
Brazil
Peru
Mexico
Chile
140
770
163
133
1010
518
125
0 200 400 600 800 1000 1200
Colombia
Ecuador
Brasil
Perú
Venezuela
Argentina
México
CDS
Source: Bloomberg Source: Bloomberg, JP Morgan. September 2010
EMBI Index
Easy of Doing Business
Low country risk and good business enviroment
172149
130127
124115
10643
393635
0 50 100 150 200
VenezuelaBolivia
EcuadorBrazil
UruguayArgentinaParaguay
Chile Colombia
PeruMexico
Source: Doing Business. position on 180 countries)
Source: Superintendencia Financiera
Financial system shows a solid and positive trendFinancial intermediaries
Assets by Type (%) Assets / GDP (%)
40 40,5
42,4
44,6
46,6
Dec-05 Dec-06 Dec-07 Dec-08 Dec-09
Main Figures (USD billion)
13
Investments, 23%
Commercial, 40%
Consumption, 16%
Mortgage, 4%
Microcredit, 2%
Cash and due from banks,
8%
Others, 8%
95 83
12
113 98
16
139120
19
Assets Liabilities EquityDec-08 Dec-09 Dec-10
Source: Superintendencia Financiera
Loan Portfolio Grow
Asset quality indicatorsLoans distribution (%)
Loan portfolio evolution (USD billion) Net Loans & Non Performing Loans Growth (%yoy)
14
63.4 62.5 63.8
27.7 27.5 27.4
2.1 2,5 2.46.8 7.4 6.4
Microcredit Mortgage Consumption Commercial
Dec-08 Dec-09 Dec-10
27,9
50,1
12,0
21.5
3,45.0
0,8 1,90
60
Dec
-06
Dec
-07
Dec
-08
Dec
-09
Dec
-10
Coomercial ConsuptionMortgage Microcredit
2,6% 2,9%
150,4% 171,2%
0,0%
180,0%
0
0
Dec
-06
Dec
-07
Dec
-08
Dec
-09
Dec
-10
Pas due loans / Total loans Provisions /pas due loans
16,8
-19,3-30
-10
10
30
50
70
Dec
-07
Dec
-08
Dec
-09
Dec
-10
Net loans Non performing loans
Source: Superintendencia Financiera
Despite the crisis, banks exhibited adequate indicatorsof liquidity and solvency
Solvency index evolution (%)
Liquidity ratio (%)
Profits (USD million)
* Profits between January 2010 – December 2010 15
Profitability (%)
6,60%7,90%
0%
12%de
c-06
dec-
07
dec-
08
dec-
09
dec-
10
1.488 1.563 1.836
2.139
2.642 3.062
-
500
1.000
1.500
2.000
2.500
3.000
3.500
dec-05 dec-06 dec-07 dec-08 dec-09 dec-10
2,5%
20,4%
7,2%
2,6%
18,6%
6,2%
0%
5%
10%
15%
20%
25%
ROAA ROAE Admon expenses / Assets
Dec-08 dec-09 dec-10
12,75
15,0
12
13
14
15
16
17
Dec
-06
Jun-
07
Dec
-07
Jun-
08
Dec
-08
Jun-
09
Dec
-09
Jun-
10
Dec
-10
• 2011 Colombian GDP’s forecast will be between 3,5%- 5,5%
• Inflation expectation are trading well according of Central Bank’smedium target
• The current interest rates levels will help the economic growth
• The fiscal rule will lead to major stability in public finance
• Net loans show a recovery
• Lower risk aversion will lead to a local investment growth
• Financial system is solid and solvency will improve due to higher levelof retained earnings
• Financial institutions will remain with higher levels of liquidity
Conclusions
Table of Content1. Bancoldex
A. Nature of Bancóldex
B. Colombian law
C. Financial Structure
D. Organizational Structure
E. Strategic Action framework 2010-2015
F. Transformation Evolution Process
G. Bancoldex Special Programs• Futurex Microinsurance Program
• Bancoldex Entrepreneurial Center - CEB
• “aProgresar” Program• Bancóldex Capital Program
• Banca de las Oportunidades Program
Development Agency Of the Colombian Government
• State owned commercial bank
• Corporation by shares
• Incorporated as a mixed-capital
company
• It operates under the same legal
regime as private sector financial
institutions
Dec - 10 %
Ministry of Trade, Industry and Tourism 786.080.862 91,9%Ministry of Finance 67.177.642 7,9%Others 2.411.119 0,2%
Total 855.669.623 100%
Shareholders
N° Shares
BANCÓLDEX
Colombian financialintermediaries
Entrepreneur - Final clients
Second tier loans Direct loans
Direct and indirect exporters
Buyers of colombian productsabroad
Non exporting companies
Capital good and raw material importers
Foreign governments, pensionsfunds and brokers
NGOs, foundations and creditunions
Other: insurance andtrust companies
Foreign financial intermediaries
Financial Intermediary
Second Tier Bank
Redescount Application
Redescount credit Direct Credit
Credit Application
Colombian Law– Bills
• Bill N° 107/10C. Indemnification of victims of crimes against HumanRights and International Humanitarian Law.This Bill contemplates economical and welfare measures in favor ofvictims of crimes, against Human Rights and InternationalHumanitarian Law (state indemnification, land and assets restitution,etc).
• Bill N° 91/S. Financial services charges.This Bill grants to the Banking Superintendence the power to issueregulations about the maximum prices of financial services charges.In addition, the Bill contemplates the obligation of uploading thecharges on the financial institutions’ Web sites.
Colombian Law– Bills
• Bill N° 96/10S. Access to credit for poor people.This Bill contemplates a special obligation for Banks to offer microcreditloans to encourage formal creation of companies. In addition, the Billestablishes that the Banks must allocate a specific percentage of theirresources to the mentioned loans.
• Bill N° 179/11C The National Development Plan (2010-2014)
It contemplates a percentage from the profits of Bancoldex in orderto design and implement a Development Unit intended to performdifferent activities related to development banking; it also includesfinancing for projects and programs created by that Unit.
Colombian Law– Bills
• Bill N° 53/10C – 163/10S. It gives extraordinary faculties to thePresident to modify the structure of the national administration
This government bill gives extraordinary faculties to the ColombianPresident to split and to reorganize the Ministries of Interior andJustice, Social Protection and Environment, and Housing andTerritorial Development.
• Bill N° 178/11C allows financial consumers to make prepayments inany credit transaction
This bill allows financial consumers to make prepayments regardlessthe nature of the credit transaction, in whole or in part, along withinterests accrued until the date of payment, as well as otherapplicable charges.
• Act 1429 of 2010 “Formalization and First Job”
The objective of this act is to implement an economic and taxincentives to the creation and formalization of companies with lessthan 50 employees. It also provides incentives for the payment ofsocial security payments and fringe benefits for small businesses thatemploy people under 25 years.
• Act 1430 of 2010 promulgation of control and taxcompetitiveness rules
This act establishes a special tax deduction for investment in fixedassets; it includes incentives such as the exemption of the specialcontribution to the electricity industry; it also increases productivityFinancial Transactions Tax, by restricting certain practices speciallystructured to avoid the payment of such tax by the taxpayers. Finallyit implements some control measures aimed at better tax collection.
Colombian Law
• Act 1425 de 2010 abolishes two articles (39 and 40) of Act 472 of 1998- Class ActionThis act abolishes two articles of Act 472 of 1998 concerningeconomic incentives that were stated to the plaintiff in a classaction.
Colombian Law
98.821
0
30.000
60.000
90.000
120.000
Dec-07 Dec-08 Dec-09 Dec-10
CO
P M
illio
n
Net income
5.546.339
0
2.000.000
4.000.000
6.000.000
Dec-07 Dec-08 Dec-09 Dec-10
CO
P M
illio
n
Assets
4.164.001
0
1.500.000
3.000.000
4.500.000
Dec-07 Dec-08 Dec-09 Dec-10
CO
P M
illio
n
Liabilities
1.382.338
0
500.000
1.000.000
1.500.000
Dec-07 Dec-08 Dec-09 Dec-10
CO
P M
illio
n
Equity
Financial StructureUSD 2.898 million* USD 2.176 million*
USD 52 million*USD 722 million*
* December 2010 exchange rate COP/USD: 1.913,98
1.000.000
2.000.000
3.000.000
4.000.000
5.000.000
6.000.000
7.000.000
Dic-07 Dic-08 Dic-09 Dic-10
Mill
ones
de
COP
Cartera Inversiones Otros
0
1.000.000
2.000.000
3.000.000
4.000.000
5.000.000
6.000.000
Dec-07 Dec-08 Dec-09 Dec-10
Millo
nes
de C
OP
COP USD
83% COP 77%
USD 23%
14%
Assets(COP million)
Break-down
Loans Investments Others
CO
P M
illion
Loans
CO
P M
illion
Dec-07 Dec-08 Dec-09 Dec-10
USD 2.898 million*
* December 2010 exchange rate COP/USD: 1.913,98
USD 580 mill
COP 3.69 bill.
(USD 1.931mill)
0
1.000.000
2.000.000
3.000.000
4.000.000
5.000.000
6.000.000
Dic-07 Dic-08 Dic-09 Dic-10
Mill
ones
de
COP
CDT's Bonos Otros Repos Corresp. y MultilatCDT's Bonds Others Repos Other banks
4.164.001
0
1.500.000
3.000.000
4.500.000
Dec-07 Dec-08 Dec-09 Dec-10
CO
P M
illio
n
Liabilities(COP million )
Evolution
27%
39%
31%
USD 2.176 million*
Break-down
CO
P M
illion
Dec-07 Dec-08 Dec-09 Dec-10
* December 2010 exchange rate COP/USD: 1.913,98
Profits and Solvency
0
20.000
40.000
60.000
80.000
100.000
120.000
Dec-07 Dec-08 Dec-09 Dec-10
CO
P M
illion
Net ProfitsUSD 52 million*
Solvency
25,42% 23,24%
0%
10%
20%
30%
40%
3.000.000
4.000.000
5.000.000
6.000.000
7.000.000
Dec-07 Dec-08 Dec-09 Dec-10
CO
P M
illio
n
Risk Weighted Assets Solvency
* December 2010 exchange rate COP/USD: 1.913,98
(COP Million) Dic-09 Dic-10
Assets 5.649.341 5.546.339
Investments 443.740 753.955Loan Portfolio
Loan portfolio COP 4.329.888 3.695.127Loan portfolio USD 981.195 1.109.783Provisions (219.429) (194.463)
Total loans portfolio 5.091.654 4.610.447Other assets 113.947 181.937
Liabilities 4.313.110 4.164.001
Deposits and Payables 1.265.827 1.292.963Purchased interbank found 131.600 0Bonds 1.735.950 1.620.520Bank credits and other financial liabilities 1.031.350 1.112.162Other liabilities 148.384 138.357
Equity 1.336.231 1.382.338
Equity capital 855.670 855.670Surplus 249.530 250.441Net income for the period 73.676 98.821Reserves 157.355 177.406
Balance Sheet 2009-2010
COP Million Dic-09 Dic-10
Financial income 494.843 349.455Financial expenses 299.913 197.960Forwards 6.483 9.662Net exchange gain/loss 1.103 (4.584)Financial margin before provisions 202.515 156.573Provisions 41.768 (19.748)Net financial margin 160.747 176.321 Other operational incomes 6.521 9.093 Operational expenses 81.288 83.197 Operational margin 85.980 102.217 Non operational incomes 2.022 12.256 Non operational expenses 583 1.420 Profit before taxes 87.419 113.052 Taxes 13.743 14.231 Net Profit 73.676 98.821
Income Statement 2009-2010
Ratings
International
Debt instruments S & P Fitch RatingsColombia
BRC Investor Services
Latest ratings 07/10 06/10 08/10
Long-term liabilities (Foreing currency) BB+/Positive/Short-term liabilities (COP) F 1+ BRC1+Long-term liabilities (COP) AAA AAA
Local
Mission
To be the Bank that, supported on a sustainable financial structure, promoteseconomic development and contributes to the competitiveness ofColombian firms, satisfying their financial needs by supplying specializedservices
Mission, vision and strategy
Strategy
To provide development multi-bank integral solutions in order to helpmodernize companies in the fields of commerce, industry and tourism,giving priority to Small and Medium Size Enterprises
Organizational Effectiveness
Financial SustainabilityGuarantee
ProductiveTransformation
and entrepreneurialdevelopment
Priorities and areas of action Inside actions
Internacionali-zation
Strategy
Bancóldex as a Government Agency
Environmental and social
strategy
Cooperation (resources from third parties)
Development Multi-Bank
Financial Instruments
Development AgencyNonfinancialinstruments
BankarizationSocial inclusion
and EntrepreneurFormalization
Entrepreneurial training Program
Strategic Action Framework 2010-2015
Bancóldex´s transformation milestones
2007 2010200920082006200520031992-2002
Banco de comercio exterior
IFI´s Assets and Libabilitiesadquisition
• Broad attention to domesticmarket
• Focusing on SMSE • Beginning of the territorial
agreemente schemes
“aProgresar” Programme
Banca de las Oportunidades
Programme
ContraciclicprogrammeEconomicslowdown
Private Equity Funds
MicrosegurosFuturex
Programme
National Development Plan 2010-2015
EmergencyPlan
Revaluation
Entreprenurealtraining
programme
Focusing on foreigntrade products and
services
Provide a wide portfolio of financial products and services (multi-banking), in order to support modernization of companies in the fields of commerce, industry and tourism, giving priority to Small and Medium Sized Enterprises(SMSE)
Specialized
banking
Development
banking
Development
Multi-banking
2002 2006 2010
Loans
Entrepreneurial training
Foreign trade and foreign banks
Factoring
Other
2006Loans
Collaterals
Entrepreneurial training
Foreign trade and foreign banks
Treasury products
Insurance services
Factoring
Development Agency and“Banca de las oportunidades”
Private equity
2010
Strategic Proposal
Entrepreneurial trainning
Line Agreement: AECID line, Colombia Productiva,
“aProgresar”
Buyer CreditSupplier Credit
International Banking
Leasing
Fixed Investment
Firm creation, acquisition and/or
strengthening
Liabilities consolidation
Working capital
Credit Lines
LiquidexCOP / USD
Liquidex Cadenas
Productivas
Special credit lines
Invoice discount services
Service channels
InstitutionalStrengthening
Microfinancial Entities
Non financial services
Microinsurances
Private Equity FundVenture Capital Program
Foreign trade
Products and Services Portfolio
Relationship withMultilaterals
Special Programs
Corporation74%
SMES8%
Microfirms0%
Others18%
2002
Transformation Process 2002 - 2010
Working capital
55%Modernizatio
n16%
Others29%
Short57%
Medium26%
Long17%
Long term financing
Enterprises modernization
SMSE´s focus Corporation29%
SMES36%
Microfirms16%
Others19%
2010
Working capital
68%
Modernization25%
Others7%
Short52%
Medium24%
Long24%
Disbursements as of Dec 2010: COP 3.543.511 mill.
Socioeconomic ImpactMicrofirms assisted
Regional coverage
SME assisted
112%
0
30000
60000
90000
120000
150000
63.481
107.580
110.021
141.694
130.213126.048
76%
0
1000
2000
3000
4000
5000
6000
7000
8000
6.374 6.397 6.745 6.701
7.596
6.616
109%
400
500
600
700
800
591
666 670 690
633
757
591
666 670690
633
757
Departaments No. Institutions
Dec-08 Dec-09 Dec-10Cundinamarca 21 27 23Antioquia 15 18 17Santander 14 15 14Valle/Cauca 8 9 8Tolima 6 6 5Atlántico 4 4 3Nariño 4 4 3Bolívar 4 4 3Caldas 3 3 2Huila 3 3 5Quindío 3 3 3Risaralda 3 2 2Guajira 2 2 -Nte Santander 2 2 2Meta 2 2 2Putumayo 2 2 1Arauca 2 2 2Boyacá 2 2 2Guainía 1 1 -Córdoba 1 - -Magdalena 1 1 1Casanare 1 1 2Cauca - - 1
Total 104 113 101
Microl-oans (regional coverage)
Foreign TradeForeign Trade
Disbursements
Domestic Market
10%
Exporters90%
Domestic Market
63%
Exporters37%
2002
2010
Network of financial intermediaries as of Dec– 10: 142
Network of financial intermediaries (Dec 10)
Figure as of Sep–10
Brasil
Bolivia
Ecuador
Perú
Chile
Venezuela
México
GuatemalaEl Salvador
HondurasNicaragua
Costa RicaPanamá
CubaRep. Dominicana
Trinidad y Tobago
Paraguay
UruguayArgen-
tina
• Futurex Microinsurance Program
• Bancoldex Entrepreneurial Centers- CEB
• “aProgresar” Program
• Bancoldex Capital Program
• Banca de las Oportunidades Program
G. Bancoldex Special Programs
Microinsurance
• Microinsurance Program FUTUREX – LIFE INSURANCE a joint effort of Government and private sector for low income micro entrepreneurs population.
• It is sold through Microfinancial Institutions – with credit line in Bancoldex. It is a low cost insurance policy that reduces the social vulnerability of microfirms and their families. The insurance also covers the loan portfolio of the Microfinancial Institution
Damages
• It offers coverage in case of death, incapability to work, critical illness, burial costs aid, and family ongoing living expenses aid.
• This insurance policy covers the microfirms premises and other property, including home if it is located in the same building, from damages caused by:
•Acts of Nature•Malicious damage or vandalism•Robbery•Loss of business income
Microinsurance
1. COOTREGUA-Puerto Inírida y
San José del Guaviare.
2. COOHOGARES-Pasto
3. COMFAMA-Medellín
4. F. San Jerónimo-Montería
5. FUNDEMICROMAG-Sta. Marta
6. Actuar Tolima
7. CORPROEM-Boyacá
8. F. Alcaraván-Arauca
9. ASOCOOP-Putumayo
10.COOPAC-Bogotá
11.ASOEMPRO-Bogotá
12.Coop. San Simon-Tolima
1. CORPROEM
2. F. Alcaraván
3. ASOCOOP
4. COOPAC
5. ASOEMPRO
6. Crezcamos
7. Contactar
8. F. Mario Santo Domingo
9. Coop. San Simón
10.F. Mundial de la Mujer
Bucaramanga
11.COOPFUTURO
12.FUNDESAN
• Insured*: 69.709*
• Insurable value: COP 249.800mill.• Insured*: 19.562*
• Insurable value: COP 94.500 mill.
* Figures as of December 2010 * Figures as of November 2010
CEB: Bogotá - Cali - Barranquilla - Bucaramanga - Pereira
TOTAL
Total Disbursements:COP 20.515 Milion
Number of transactions:1.647
Visitors:12.216 people
Trainned people:11.866
Average Credit: COP 12 Milion
Bancoldex Entrepreneurial Centers -CEBAs of Dec-10
The Entrepreneurial Centers – CEB are specialized offices created to provide financial, legal and managerial assistance to micro and small firms
aProgresar Program
Managerial and financial support program to spur productivity and
competitiveness
This training program was design to offer management tools to SME´s entrepreneurs, in order to improve the performance and competitiveness of the Colombian enterprises.
2007 -2010Trainned
entrepreneurs
GeographicalcoverageJan- Dec
2010
39.047
2007 - 31 cities2008 - 33 cities2009 - 37 cities2010 - 48 cities
12.871Trainned entrepreneurs
Entrepreneurial Training Program
Type of programs• Management training seminars• Conferences, workshops and short courses• Consultancy and assistance• Web courses• E-learning
Bancoldex Capital Program
Make available to Colombiancompanies new sources of long-termfinancing through capital fresh of theprivate equity funds
Promote private equity and venturecapital industry in the country
Attract new investors, local andforeign, to participate in the privateequity industry in the country
Bancoldex Capital Program promotes the private equity and venture capitalindustry in Colombia
Financial support
Investment in PrivateEquity and VentureCapital Funds
Bancóldex does notinvest directly incompanies
Non financial supportBancóldex willcontribute to theconstruction of theecosystem of theIndustry of PrivateEquity and VentureCapital. This in order toincorporate bestpractices in theindustry, throughactivities for investors,managers,companies and otherindustry players
Program Components Main objectives
Encourage access to financial services to the unbanked
colombian population, specially to the low-income
families, with the purpose of enhancing the country´s
development and promote social equity.
Mission – Banca de las Oportunidades
1. Macro-intervention or Environment and Regulation to promote access to financial services
It comprises the actions that aim to strengthen the environment in which the financial activities are developed and the regulatory framework of institutions that operate in it, in order to facilitate and promote access to financial services and microfinance.
2. Intermediate Intervention or Financial Services Support to Supply and Demand
It consists on activities that support services to the network entities in order to promote narrowing the gap between supply and demand. The role of the Banca de las Oportunidades involves the management and the allocation of resources for projects that have a cross-sectional impact, namely that they can benefit all suppliers of financial services allowing them to provide better services to the policy’s target population.
3. Micro-Intervention or Support to the Network of Banca de las Oportunidades
It includes the support activities to entities that belong to the network of Banca de las Oportunidades (credit institutions, credit unions and NGOs), providing incentives that motivate them to expand and make financial services massif. Banca de las Oportunidades designs and allocates incentives to: share the cost of the expansion of services when considered that its utility will not cover the costs, to decrease the risk perceived by these entities when entering into certain segments or to provide knowledge for the implementation of certain types of products.
Strategy
CORRESPONSALES NO BANCAROS
3.908
NON-BANKING AGENTS
9.458
No. DESEMBOLSOS A MICROEMPRESAS2.330.184 millones
LOANS TOMICROFIRMS
6.7 million
MICROEMPRESARIOSACCEDIENDO A
CREDITO POR 1a VEZ774.247
FIRST TIME LOANSTO MICROFIRMS
1.884.106
VALOR DESEMBOLSOSA MICROEMPRESAS
COP 7,2 billones
DISBURSEMENTSTO MICROFIRMS
COP 19 billion
Results
(September 30 de 2010) (August 2006 – September 2010)
(August 2006 – November 2010) (August 2006 – November 2010)
Contact us
Fernando EsmeralChief Commercial Officer(57-1) 382 15 15 ext [email protected] Cristina VandameChief Financial Officer(57-1) 382 15 15 ext [email protected] GarcíaChief Operations Officer(57-1) 382 15 15 ext [email protected]
Mauro SartoriRisk Chief Officer(57-1) 382 15 15 ext [email protected]
Cesar PérezNational Commercial Director(57-1) 382 15 15 ext [email protected]
Doris ArévaloBusiness Inteligence Director(57-1) 382 15 15 ext [email protected]
Alejandro ContrerasInternational Banking Director (57-1) 382 15 15 ext [email protected]
Pedro Julio VillabónLocal Banking Director(57-1) 382 15 15 ext [email protected]
Carlos Alberto MoyaBanca de las Oportunidades Program Director(57-1) 241 02 [email protected]
Hernando CastroMicrofirm Banking Director(57-1) 382 15 15 ext [email protected]
Jimeno PerdomoChief Administrative Officer(57-1) 382 15 15 ext [email protected]
José Alberto GarzónGeneral Secretary(57-1) 382 15 15 ext [email protected]
María Cristina AlbarracínPrivate Equity Director(57-1) 382 15 15 ext [email protected] GonzalezTreasury Director(57-1) 382 15 15 ext [email protected] UribeCooperation Director (57-1) 382 15 15 ext [email protected]
Bogotá :
Calle 28 No 13A-15, floors 38 to 42Phone: (57-1) 382 15 15Fax: (57-1)286 24 51 / (57-1)286 0237Working Hours (monday to friday): from 8:00 a.m. to 5:00 p.m.
E-mail web master: [email protected]_________________________________
SWIFT: BCEXCOBB_________________________________
Contact usCall Center Multicontacto Bancóldex Bogotá: (57-1) 6 49 71 00Toll free Number: (57-1) 01 8000 91 53 00
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