Accion Sells Stake in Bancompartir to Credicorp
Posted On: 19 Dec 2019 | Source(s): Accion
Accion, a global financial inclusion-focused investor, has successfully exited its investment in Banco Compartir (Bancompartir), a Colombia-based microfinance institution, as part of the company’s acquisition by Credicorp, a Latin America-focused financial services holding company. Bancompartir was founded as a collective finance organization for survivors of a volcanic eruption in the Colombian Andes in 1985. Accion first partnered with the company in 1988. Financial details of the transaction were not disclosed.