In the last couple of weeks Helm Bank was the raising star in the Colombian Stock Market sky, now is time for another bank to take the throne. GNB Sudameris is in a strong position to negociate with local and international firms that want to participate in the colombian financial market.
According to the Finance Superintendence, the balance sheet presented by GNB Sudameris for the first two month of the year, reflects the very good moment that is experiencing the financial system in Colombia, with not only GNB Sudameris as a very good investment, but with HSBC (with rumours that is close to be part of the ITAU Brazil holding).
Helm Bank is also receiving offers from investors all over the world, not to mention the adquisition of Colpatria by ScotiaBank a few months ago.
Sudameris earnings over equity for the first two month of 2012 was 21,65%, leaving the bank as the third most profitable bank in the country, only surpased by Colpatria and Falabella Bank.
Looking at the bank assets is the tenth biggest of the colombian market with 9,9 billon COP, which turn its rentability more attractive because is one of the less expensives banks of the financial sector with a very good position in the market.
The analysts are speculating with the possible selling of the bank, and they are expecting a selling price of 1,8 times the value in books.
So, it’s a good business for those who are seeking for a short term profit in the stock exchange market, but hurry up because this is a short window of opportunity.