Finanzauto

Finanzauto is a regulated entity and supervised by the Colombian Superintendence of Companies with more than 48 years in the automotive financing market. Finanzauto was created in 1970 as a result of the initiative of the shareholders of Grupo Seissa, to make its commercial business independent of distribution and concession of vehicles and machinery of automotive financing. Finanzauto is the main financing entity for unbanked vehicles in Colombia; it generates 450 direct jobs and has 150 points of service in the country, and branches in six cities (Bogota, Barranquilla, Bucaramanga, Cali, Medellín and Villavicencio) and is widely recognized nationally by the automotive market. As of December 2018, it had a total gross portfolio of $280.85 million and an equity of $121.04 million. The ROA was 3.51% at December 2018, and the ROE at 9.16%.