Colpatria expands into the financial market of Colombia | Colpatria | L & # 39; UNIVERSAL



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Citibank's recent acquisition of retail and small business banking services, by Banco Colpatria Scotiabank, will represent for the clients of this entity the expansion of offices, an extensive network of ATMs and other benefits .

For Colpatria Scotiabank, the impact of this transaction meant becoming a leader in the credit card business with 2.8 million plastics, leaders in revolving credit, a better position and becoming the fifth institution in the country. This was highlighted by Danilo Morales Rodríguez, Scotiabank Group's Vice President, Personal Banking and Colpatria Employees.

Morales recalled that "this transaction with Citibank was advanced in late January and approved by the Superbank on June 18. On the first of July the migration was made. That meant migrating 500,000 Citibank customers, including them in Colpatria, redefining all offices, ATMs and more. There are 47 offices, 3,000 employees and 500,000 more clients entering the Bank with trading. "

For Cartagena this negotiation meant going from 4 to 6 offices, ATMs doubled, greater coverage was reached and Citi customers will not have any management fees, no commission and will be able to access to mortgages, which she had not previously in her portfolio.This transaction will not represent any abrupt changes for former clients of Citi.They will have the same services, added to those provided by Colpatria "The transaction for customers is transparent," said the bank's director

Scotiabank is a Canadian bank with a presence in 50 countries and is a leader in the Alliance from the Pacific (Chile, Peru, Mexico and Colombia), after consolidating the transaction with Citibank

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Colpatria is the pioneering bank in not charging management fees to its customers. ics, according to Morales "has allowed us to increase our customers. Today, 40,000 open savings accounts, debit cards are growing. "For this bank, the debit card does not have to go to checkout and get money, so Is to buy. "

" We have increased debit cards three times in the market, we have included 500 thousand additional customers in passive debit cards of 1 trillion pesos.From 5,000 monthly accounts that have been previously opened, it has been increased to 40,000 monthly accounts, "he reiterated.

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