Dutch banking group ING has expanded its presence in Latin America by opening a representative office in Bogota, Colombia.

The move that comes following the receipt of a approval from the Colombian regulators to offer additional finance solutions next to its existing lending capabilities.

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ING has been active in Latin America for over three decades. The bank already has offices in Argentina, Brazil, and Mexico that offer several financial products and services to domestic and international clients.

ING country manager for Colombia, Andrea Puerto, called Colombia a country “full of opportunities”.

“Colombia has moved more than 50 places up the rankings in the World Bank’s Doing Business index. The country is learning about the financing of long-term projects, as these are complex structures that need independent advisers and technical staff,” Puerto stated.

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