The Colombian financial services group reported a 65% y-o-y jump in Q2 net income as subsidiaries gained ground on various fronts, despite market volatility and lower retained premiums.
The commercial lender - the country's biggest by assets - expects to receive this half the green light for its second major M&A move of the past 12 months.
The move should lead to about US$2bn in liquidity being absorbed.
Under the new framework, investors will obtain tax benefits.
The concessionaires responsible for the Rumichaca-Pasto and Puerta del Hierro-Cruz del Viso concessions closed short term financing deals involving a total of US$110mn.
Another executive has confessed to having paid bribes to public officials during the Kirchner governments. Meanwhile, authorities met with officials from the World Bank to discuss the continuation of works affected by the ongoing probe.
Sovos, a provider of tax compliance and business-to-government reporting software, sees huge potential for further growth in a region where it already has a large presence.