Net income of Colombian brokers falls by 11%

According to the Financial Superintendency of Colombia (SFC), in February 2021 the profit of brokerage companies fell by 11% to $9.8 million (Co$ 26,881 million), compared to the same month last year. The brokers with the highest earnings were Valores Bancolombia ($2.34 million), Credicorop (1.6 million) and Alianza Valores ($837,000). This change is related to an increase in the interest rate in the US and investors looking for more solid markets.

Source: La República