Latin America’s best bank for SMEs 2019: Bancolombia

Awards for Excellence 2019

The region’s best bank for small and medium-sized enterprises is Bancolombia. 

It is unsurprising that the award goes to a bank in Colombia given that the sector is so important to the financial system – 99% of all companies are SMEs and they generate more than 80% of Colombia’s employment and around 50% of GDP. 

There are more than three million registered SMEs in the country; Bancolombia banks 1.6