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Article: Banco Ganadero Merges with Banco Nacional Del Comercio

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PR Newswire
Article date:
July 8, 1998
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BOGOTA, Columbia, July 8 /PRNewswire/ -- Banco Ganadero's Board of Directors agreed to begin the process of merger with Banco Nacional del Comercio ("BNC"). This process has also been approved by BNC. This agreement will be subject to final approval by the General Shareholders' Meetings of both Banks to be effective in the next months.

Under its expansion and strengthening policies, Banco Ganadero has taken the decision to acquire Banco Nacional del Comercio. By this operation Banco Ganadero increases its market share by one hundred basic points, following the strategies signed on its Two Thousand Program "Programa Dos 1000" under which the Bank develops its main ... 







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