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AmericasJune 25 2020

Colombia's banks grapple with Covid-19 challenge

Amid tough market conditions, a side effect of lockdown restrictions has been to encourage more Colombians to join the formal banking system.
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Colombia's banks grapple with Covid-19 challenge

Ingenuity is the operative word for Colombia’s banks as they face what could be the country’s worst single year since it gained independence two centuries ago.

The banking system had got off to one of its best starts this year, following the lead of the country’s economy and preparing for new opportunities from full membership in the Organisation for Economic Co-operation and Development (OECD), the mark of a mature economy.  

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