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Colombian Stock Exchange BVC Economy | Colombia Backpacking


Colombian Stock Exchange

BVC-1The Colombian Stock Exchange or BVC (Bolsa de Valores de Colombia), is Colombia's economic engine. Although it's headquartered in Bogota, the BVC is actually the result of a merger between the country's three main stock exchanges; the Bogota, Medellin, and Cali exchanges, which merged in 2001. The BVC currently hosts 79 companies, which combined, have a market capitalization of over $200 billion.

Among the best known companies listed on the exchange are banks and financial institutions (BBVA, Banco AV Villas, Davivienda, Banco de Bogota, Banco de Occidente, Banco Popular, Bancolombia), oil (Ecopetrol), entertainment (RCN, Caracol), airlines (Avianca), and consumer retail (Exito).BVC-2

Colombia also was a founding member of the Integrated Market of Latin America or MILA (Mercado Integrado de Latino America), which led to integration of the Colombian, Chilean, and Peruvian stock exchanges. Brokers and traders can now buy and sell securities across these three markets with ease.

The BVC is likely to see a great deal of action in the coming years and decades, as Colombia enjoys a new era of security, investment, tourism, and economic growth; indeed, the International Monetary Fund (IMF) recently estimated that Colombia would grow an impressive 4.5% in 2014. The BVC is headquarted in northern Bogota, in the financial district on Calle 72 and la Septima (Carrera 7). It is also the fourth largest market in all of Latin America.BVC-3


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