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Banco De Occidente Credencial
Banco de Occidente is one of the largest Colombian banks. It is part of the Grupo Aval Grupo Aval is a Colombian holding company engaged in a wide variety of financial activities, including banking, telecommunications and real estate; in Colombia and Central America. Grupo Aval is controlled by Luis Carlos Sarmiento (estimated ne ... conglomerate of financial services in Colombia, owned by the country tycoon of finances, Luis Carlos Sarmiento Angulo (Ranked 285 on the 2009 forbes list of world billionaires). History Banco de Occidente began operations as a commercial banking corporation, duly incorporated, on May 3, 1965, under the administration of the first manager, Mr. Alfonso Díaz. Its orientation and scope initially maintained a regional tone during the first years, a period during which the development of the banking sector was really slow. The first offices outside Cali were opened in Palmira, Pereira and Armenia. In 1970, the Bank had a network of 15 offices, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cali
Santiago de Cali (), or Cali, is the capital of the Valle del Cauca department, and the most populous city in southwest Colombia, with 2,280,522 residents estimate by National Administrative Department of Statistics, DANE in 2023. The city spans with of urban area, making Cali the second-largest city in the country by area and the List of cities and towns in Colombia, third most populous. As the only major Colombian city with access to the Pacific Coast, Cali is the main urban and economic center in the south of the country, and has one of Colombia's fastest-growing economies. The city was founded on 25 July 1536 by the Spanish explorer Sebastián de Belalcázar. As a sporting center for Colombia, it was the host city for the 1971 Pan American Games. Cali also hosted the 1992 World Wrestling Championships, the World Games 2013, 2013 edition of the World Games, the UCI Track Cycling World Championships in 2014, the IAAF World Youth Championships in Athletics, World Youth Champi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colombia
Colombia, officially the Republic of Colombia, is a country primarily located in South America with Insular region of Colombia, insular regions in North America. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuela to the east and northeast, Brazil to the southeast, Peru and Ecuador to the south and southwest, the Pacific Ocean to the west, and Panama to the northwest. Colombia is divided into 32 Departments of Colombia, departments. The Capital District of Bogotá is also the List of cities in Colombia by population, country's largest city hosting the main financial and cultural hub. Other major urban areas include Medellín, Cali, Barranquilla, Cartagena, Colombia, Cartagena, Santa Marta, Cúcuta, Ibagué, Villavicencio and Bucaramanga. It covers an area of 1,141,748 square kilometers (440,831 sq mi) and has a population of around 52 million. Its rich cultural heritage—including language, religion, cuisine, and art—reflects its history as a co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as '' president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chair of a parliamentary chamb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grupo Aval Acciones Y Valores
Grupo Aval is a Colombian holding company engaged in a wide variety of financial activities, including banking, telecommunications and real estate; in Colombia and Central America. Grupo Aval is controlled by Luis Carlos Sarmiento (estimated net worth of U$11,9 billion), who indirectly owns around 80 percent of its shares. Operations As a holding company, Grupo Aval owns sufficient amounts of voting stock in other companies to control their policies. In addition to its interests in numerous industrial sectors, Grupo Aval controls some of Colombia and Central America's top financial organizations, including: * Banco de Bogotá S.A. (68.9% ownership) - which owns Multibank of Panama (100% ownership) * Banco de Occidente S.A. (72.3% ownership) * Banco Popular S.A. (93.7% ownership) which owns Corficolombiana (8.7% ownership) * Banco AV Villas S.A. (79.9% ownership) * BAC Credomatic (25% ownership) * Casa de Bolsa S.A. in Colombia. BAC Valores(Panamá), Inc. BAC San Jose, Pue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luis Carlos Sarmiento Angulo
Luis Carlos Sarmiento Angulo (born 27 January 1933) is a Colombian billionaire and the second wealthiest man in Colombia, with a net worth of US$6.6 billion, as of December 2024, estimated by Forbes, that derives from the banking conglomerate Grupo Aval, of which he is the majority shareholder and chairman. Career Sarmiento founded Grupo Aval as a holding company to gather his banking, telecommunications, and real estate interests. Four major banks, as well as other financial service corporations, form the core of the organization. In 2000, plans to list Grupo Aval on the New York Stock Exchange were postponed due to Wall Street's unfavorable climate for emerging market funds.Corporate titans: most powerful Latin CEOs: Executive Strategies for the Americas, October, 2000 See also * Julio Mario Santo Domingo Pumarejo *Germán Efromovich Germán Efromovich (born 1950) is a Bolivian-born entrepreneur with multiple citizenship: Brazilian, Colombian, and Polish. He was born into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Colombia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
