Granahorrar Bank
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Granahorrar Bank
Granahorrar Bank was a bank based in Colombia that was open from 1972 to 1998. When it was open, it was part of a business conglomerate called Grupo Grancolombiano. The conglomerate also owned Banco de Colombia (Bancolombia), which is Colombia's largest bank. In 1982, the conglomerate underwent a period of crisis. Consequently, the Colombian government nationalized Granahorrar Bank it, meaning that the government took over the bank by force from its private owners. Establishment and core businesses Granahorrar Bank was established in 1972. In the 1980s, businessman Julio Carrizosa Mutis took ownership of the bank by becoming the major shareholder; he also became a significant investor in other financial institutions such as Davivienda and Ahorramás. When Carrizosa owned Granahorrar Bank, construction and mortgages became the bank's core businesses. The housing policy of the former President Belisario Betancur helped boost the bank's success. In the decade from 1988 to 1998, ...
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City
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cities, which has had profound consequences for g ...
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State
State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States * ''Our State'', a monthly magazine published in North Carolina and formerly called ''The State'' * The State (Larry Niven), a fictional future government in three novels by Larry Niven Music Groups and labels * States Records, an American record label * The State (band), Australian band previously known as the Cutters Albums * ''State'' (album), a 2013 album by Todd Rundgren * ''States'' (album), a 2013 album by the Paper Kites * ''States'', a 1991 album by Klinik * ''The State'' (album), a 1999 album by Nickelback Television * ''The State'' (American TV series), 1993 * ''The State'' (British TV series), 2017 Other * The State (comedy troupe), an American comedy troupe Law and politics * State (polity), a centralized political organizatio ...
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Country
A country is a distinct part of the world, such as a state, nation, or other political entity. It may be a sovereign state or make up one part of a larger state. For example, the country of Japan is an independent, sovereign state, while the country of Wales is a component of a multi-part sovereign state, the United Kingdom. A country may be a historically sovereign area (such as Korea), a currently sovereign territory with a unified government (such as Senegal), or a non-sovereign geographic region associated with certain distinct political, ethnic, or cultural characteristics (such as the Basque Country). The definition and usage of the word "country" is flexible and has changed over time. ''The Economist'' wrote in 2010 that "any attempt to find a clear definition of a country soon runs into a thicket of exceptions and anomalies." Most sovereign states, but not all countries, are members of the United Nations. The largest country by area is Russia, while the smallest is ...
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Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, South America, North America, Turkey, and Romania. The bank was founded as Banco de Bilbao, on May 28, 1857, in Bilbao. BBVA's operational headquarters are located in Madrid, in the "Ciudad BBVA" complex. It is Spain's second largest bank after Banco Santander. It is listed on the Madrid Stock Exchange, the New York Stock Exchange and on the Mexican Stock Exchange. It is also a part of the IBEX 35 as well as the Dow Jones EURO STOXX 50. As of December 31, 2018, BBVA's assets amounted to around €676 billion, making it the second largest Spanish financial institution by volume of assets. At that same date, it had 7,963 offices, 125,627 employees and 74.5 million customers, and was present in more than 30 countries. 5] On ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Colombia
Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuela to the east and northeast, Brazil to the southeast, Ecuador and Peru to the south and southwest, the Pacific Ocean to the west, and Panama to the northwest. Colombia is divided into 32 departments and the Capital District of Bogotá, the country's largest city. It covers an area of 1,141,748 square kilometers (440,831 sq mi), and has a population of 52 million. Colombia's cultural heritage—including language, religion, cuisine, and art—reflects its history as a Spanish colony, fusing cultural elements brought by immigration from Europe and the Middle East, with those brought by enslaved Africans, as well as with those of the various Amerindian civilizations that predate colonization. Spanish is th ...
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Bancolombia
Bancolombia S.A. (also known as Grupo Bancolombia; formerly: Banco de Colombia) is a full-service financial institution that provides financial products and services in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru and Guatemala. Bancolombia is one of the six banking-related companies of the COLCAP index. The Bank operates in nine segments: Banking Colombia, Banking El Salvador, Leasing, Trust, Investment, Brokerage, Off Shore, Pension and Insurance, and all other segments. Together with its subsidiaries, the Bank provides a range products and services, including savings and investment products, financing, mortgage banking, factoring, financial and operating leases, treasury, comprehensive cash management, foreign currency, insurance, brokerage services, investment banking, asset management and trust services. As of December 31, 2018, the Bank's consolidated branch network consisted of 1041 offices. History Bancolombia was founded on January 29, 1875 a ...
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Semana
''Semana'' (Spanish: ''Week'') is a weekly magazine in Colombia. History ''Semana'' was founded in 1946 by Alberto Lleras Camargo (who would become president of Colombia in 1958) and that folded in 1961. It was relaunched by journalist Felipe López Caballero in 1983. Development , the person who restarted the magazine, took two earlier Colombian magazines as models. One was Camargo's ''Semana''; the other was '' :es:Alternativa'', a left-wing weekly published by Enrique Santos and Gabriel García Márquez. The foreign magazines that he strove to imitate were ''Time'' and ''Newsweek''. Recalling the prestige that had been enjoyed by Lleras's magazine, López asked for, and was given, permission to use the same name. The first issue came out on 12 May 12 1982. Its cover story was about terrorism. Some of ''Semana''s most important reporting has been about Pablo Escobar, the drug trafficking kingpin. In the 1980s, López was one of the two "big whistleblowers and critic ...
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Julio Carrizosa Mutis
Julio Carrizosa Mutis was a Colombian businessman active in the construction and financial sectors in Colombia. Career Carrizosa started his business career in the construction industry. He founded the company Industrial de Construcciones in the city of Bucaramanga. He became a major contractorforf the public entity known as Land Loans Institute ( Instituto de Credito Territorial), which controlled the construction industry. He specialized in the construction of low-cost housing. In the 1980s, Carrizosa became the major shareholder of Granahorrar Bank and an investor in other financial institutions such as Davivienda and Ahorramás. Construction and housing credits (mortgages) became the bank's core businesses. The housing policy of the former President Belisario Betancur helped boost the bank's success. From 1988 to 1998, the bank showed a real annual growth rate of 45%. Granahorrar Bank was part of a conglomerate called Grupo Grancolombiano which also owned Banco de Colomb ...
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Belisario Betancur
Belisario Betancur Cuartas (4 February 1923 – 7 December 2018) was a Colombian politician who served as the 26th President of Colombia from 1982 to 1986. He was a member of the Colombian Conservative Party. His presidency was noted for its attempted peace talks with several Colombian guerilla groups. He was also one of the few presidents to abstain from participating in politics after leaving office. Early life Betancur was born in the Morro de la Paila district of the town of Amagá, Antioquia, in 1923. His parents were Rosendo Betancur, a blue-collar worker, and Ana Otilia Cuartas, a businesswoman. Betancur's mother died in 1950.Arismendi Posada, Ignacio; ''Gobernantes Colombianos''; trans. Colombian Pryhjtyjyhfnpfjesidents; Interprint Editors Ltd., Italgraf, Segunda Edición; Page 255; Bogotá, Colombia; 1983 Betancur traveled to the city of Medellín, where he enrolled in the Universidad Pontificia Bolivariana. In 1955, Betancur graduated in jurisprudence and obtained ...
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El Tiempo (Colombia)
''El Tiempo'' ( en, "Time" or "The Times") is a nationally distributed broadsheet daily newspaper in Colombia launched on January 30th, 1911. , ''El Tiempo'' had the highest circulation in Colombia with an average daily weekday of 1,137,483 readers, rising to 1,921,571 readers for the Sunday edition. From 1913 to 2007, ''El Tiempos main shareholders were members of the Santos Calderón family. Several also participated in Colombian politics: Eduardo Santos Montejo was President of Colombia from 1938 to 1942. Francisco Santos Calderón served as Vice-President (2002–2010). And Juan Manuel Santos as Defense Minister (2006–2009) during Álvaro Uribe's administration; Juan Manuel was elected president of Colombia in 2010 and served in that position until 2018. In 2007, Spanish Grupo Planeta acquired 55% of the ''Casa Editorial El Tiempo'' media group, including the newspaper and its associated TV channel Citytv Bogotá. In 2012, businessman Luis Carlos Sarmiento Angulo bought th ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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