Fogafín

Fogafín was created in 1985 to deal with a crisis in the Colombian financial system; at that time, it intervened in the process of capitalization of the financial system. Then later, at the end of the 1990s, Fogafín was at the heart of the solution of another financial crisis; on this occasion, it executed a rescue plan for the Government, focused on the problems arising in the banks, and savings in the system. Over the last 30 years and more, the institution has gained important experience in handling of difficulties in the financial system, and has taken part in the winding up of financial institutions, paying out deposit insurance, and following up liquidation of all financial entities.