Banco Colpatria was established in 1969 as a member of a financial holding company Colpatria (Colombia). In October 2011, Colpatria announced its strategic long-term partnership with multinational Scotiabank, one of North America's largest financial institutions. Banco Colpatria operates as a universal bank, offering retail, private, corporate and investment banking products and services. Banco Colpatria Cayman offers savings and time deposit deposits, money market accounts and overnight deposit accounts to individuals and legal entities.
Banco Colpatria Cayman Inc. has Category B banking license number 83006 issued by the Cayman Islands Monetary Authority. This type of license allows Banco Colpatria Cayman Inc. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Banco Colpatria Cayman Inc. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Banco Colpatria Cayman Inc. failure its depositors will not be paid out any compensation.