Colombia
News

FNG backs US$82mn in loans Jan-Feb.

Bnamericas
Colombia's loan guarantee fund (FNG) insured more than 221bn pesos (US$82mn) in loans in the first two months of this year, up 24% compared to 178bn pesos in the same period last year, news service Economia en Red reported. The number of small- and medium-sized enterprises receiving loan guarantees increased 51% to 16,282 during the period in question. In February alone, the value of insured loans rose 27% year on year to 92bn pesos. The top recipients of FNG guarantees were trade (35.4%), services (26.7%) and industry (18.5%).

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