Regulator authorizes operation of J.P. Morgan as a bank in Colombia

The Financial Superintendency announced that it approved under resolution 1091 of 2020 the conversion of JPMorgan Financial Corporation into a banking establishment in Colombia. Since 1964, JPMorgan Chase Bank National Association has had a representative office in Colombia, and since 2006 JP Morgan has operated J.P. Morgan Corporación Financiera S.A., a credit establishment. With the new authorization, the US entity becomes the eleventh foreign bank with commercial operations in Colombia.

Source: Valora Analitik