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In Colombia, the Coopcentral cooperative bank sees its soundness confirmed by a major rating agency
On August 12, Fitch Ratings, which covers more than 80 countries, gave the Coopcentral cooperative bank in Colombia a long-term rating of AA- and a short-term rating of F1+.
The AA – rating reflects the quality of the institution's credit and a low risk of default on payment over the long term, while the F1 + rating indicates its capacity to pay over the short term. These credit ratings are based on the strong capitalization of Coopcentral, the quality of its loan portfolio and its adequate provisions.
Property of 700 cooperative entities disseminated throughout the country, the Coopcentral cooperative bank makes it possible for them to access financial and transactional services as well as a technical support program designed to strengthen their operations. Coopcentral thus plays a leading role in financial inclusion for the Colombian population.
The institution also takes part in the support project for the agricultural sector in Colombia (PASAC) undertaken by DID in collaboration with Financière agricole du Québec – Développement international (FADQDI).