Euler Hermes Begins Operations in Colombia
03/03/2008
Colombia is a country with strong economic fundamentals. The country’s $130-billion economy grew at 6.8% in 2006, the highest rate in 28 years and two points faster than the Latin American average. For 2007, Colombia’s GDP ranked fifth among the Latin American countries.
"It has always been imperative for our Group to best serve our clients by having representation in close proximity to the sources of risk – their buyers,” said Overeem. "With our new office in Colombia, the Euler Hermes Group is now present in four countries representing more than 75% of Latin American GDP, giving us a strong presence and knowledge of this area for our clients to benefit from.”
Euler Hermes Colombia is the Group’s fourth subsidiary in Latin America behind the establishment of business units in Mexico and Brazil in 1999 and Argentina in 2007.
Euler Hermes provides credit insurance, bonding, guarantees and collections. With 6,000 employees in 51 countries, Euler Hermes offers a complete range of services for the management of B-to-B trade receivables.