Investments and Business

Davivienda, Banco de Bogotá and Banco de Occidente joined the announcement made yesterday by bancolombia and said they will lower your interest rate in March for your credit cards. Furthermore, more financial institutions are expected to follow suit.(You can also read: Colombia's external debt: growth rate tripled in December) bancolombia announced that it will lower it for purchases made with Visa Clásica, Mastercard Clásica, American Express Blue, Mastercard Joven and Mastercard Ideal credit cards. According to the entity, customers with any of these cards will have an effective annual interest rate of 25 percent, which is below the current maximum…

All co-ownerships must have common property insurance according to law 675 of 2001. The objective is to protect the common heritage of those who share properties that are private, commercial or mixed. (Read: Increase in the price of new housing, the highest in 8 years). The insurance also offers protection against fires and earthquakes. Some insurances have included other types of damages that impact co-owners such as damage to elevators, hydraulic pumps, roof damage, broken pipes, effects from hail, floods, strong winds, and even protects against mismanagement of the money made by the administration. "Many co-ownerships have not been constituted…

The Banks of Bogota and the West they also joined the cascade of low interest rates. While in the first the reduction will be 20 percent effective annually as of Monday, March 13 and covers credit cards of all quotas, in the second the cut will be effective as of March 15 and will be of 57 percent for food and supermarket purchases made by all its customers, with any credit card.(Also read: Other banks in the country will join the lowering of credit card rates) According to the directives of Banco de Bogotá, there will be a special rate…

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