Bancolombia

Thanks for having me.

Yeah, let's start with Bancolombia.

We're part of Grupo Zivest.

We're a financial group that operates across Colombia and Central America.

Latin America is not a catch-up story.

In several areas, we are leading some interesting transformations.

And that's exactly the environment where Bancolombia is transforming today.

So it's interesting, Fidel, that Bancolombia, I was, as I mentioned to you, I was at your bank probably eight years ago, and it was the very beginning of you building almost like a fintech arm or a neobank arm or a technology arm that really dealt with digital banking.

I have my Tarjeta Civica in my pocket, but today I am testing the new system.

I tap my Bancolombia debit card against the reader.

It works instantly.

That is the beauty of it.

So an extremely, extremely strong peso that in not just my opinion, but you can see Bank Columbia's opinion is not sustainable.

So the team, the Bancolombia team led by Laura Clavijo, attributes that strength to investors repricing Colombian assets in anticipation of a more market-friendly government, what the bank calls a trade electoral.

So electoral trade.

And so what happened is on August 7, three days before the earthquake, a new president took power in Colombia and the previous government, which is a very left wing business, unfriendly government and also a government that had bad relations.

He wasn't born there, but he spent part of his adult life there.

So...

These are conditions, and like I mentioned, with the currency, Bancolombia's own economists expect that to come back down, as do I, the exchange rate to level out.

What Technoglass sets is its prices, its automation program, and where it puts its next plant.

It's earthier, deeper.

I pay with my Bancolombia card.

Talk.

Done.

You buy it at the station Tequillas and recharge it there too.

But honestly, I rarely use it anymore.

My Bancolombia card works directly as a ticket.

Just tap and go.