The Guarantee Fund reported a profit of $29,980 million at the end of last year

During the Shareholders’ Meeting, the Guarantee Fund (FGA) reported that it managed $22 billion over 25 years. credit consumption from which more than four million people benefit.

FGA solutions, which stood out as the main business line in the previous year’s advanced management, generated $308,181 million in revenue with an annual increase of 64.2%. This allowed the company to record revenue of $342,868 million in 2021, representing a 54% growth compared to 2020, which accounted for $222,584 million.

In addition to the above, the company closed 2021 with $359,779 million in total assets, up 51.9% from the previous year. Finally, equity increased 25.1% compared to 2020 to $142,558 million.

“We support Colombians in the Guarantee Fund so they can move forward. We’ve been doing this for 25 years, and we’ve been guaranteeing nearly 22 billion pesos of consumer loans to over 4 million Colombians. Today, we share these excellent results, which support the country’s recovery and Colombians’ decision to improve, despite the global and local uncertainties of progress and challenges in health, economic and social issues. their conditions,” said David Bocanument, head of the Guarantee Fund.

The company’s results allowed it to close the year by one point. net income $29,980 million, representing a 31.6% increase from 2020, when it reached $22,873 million. It should be noted that with the decision of the General Assembly, 95.6% of the profits will be reinvested to strengthen their assets and thus reach more people with their support.

This year, FGA estimates operations will be $5.4 billion, thus facilitating access to credit for more than 1.5 million people across the country.

Source: Lare Publica

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