Colombian lender Banco Finandina is the newest participant in the Colombian banking system. Previously, it operated for 34 years as a finance company focused mainly on the auto segment. The bank has branches in the cities of Bogotá, Medellín, Cali, Villavicencio, Ibagué, Barranquilla, Armenia, Bucaramanga and Pereira. It also has 10 points of sales in other cities. The World Bank's private sector arm, the IFC, holds a minority stake in the company. It is based in Bogota, Colombia.
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