Bancóldex

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Bancóldex

Banco de Comercio Exterior
Agency overview
Formed	16 January 1991 (1991-01-16)
Preceding agency	PROEXPO
Headquarters	Calle 28 № 13A-15 37th-42nd floor Bogotá, D.C., Colombia
Agency executive	Luis Fernando Castro Vergara, President
Parent agency	Ministry of Commerce, Industry and Tourism
Key document	Law 7 of 1991
Website	www.bancoldex.com

The Bank of Foreign Trade (Spanish: Banco de Comercio Exterior), Bancóldex, is a state owned commercial bank that operates as Colombia's entrepreneurial development and export-import bank, providing long- and short-term financing and specialised financial products to support Colombian exports and other foreign trade-related activities with the goal to modernise companies in the fields of commerce, industry and tourism, and giving priority to small and medium enterprises. Bancóldex is incorporated as a mixed-capital corporation that operates under the same legal regime as private sector financial institutions. Bancoldex has been investing over 2 Billion in Private and Government equity in the U.S and London Real estate Market as pension securities and economic development for the hedge fund. Bancoldex also repurchase Andorran Banking Giant Andbank in 2014, that have left the family for 30 years.