The availability of information on Colombian companies depends on their size and legal structure. Public company financial statements are filed and published on a regular basis.
Interviews are only necessary for more detailed or specialized reports.
Smaller companies may provide financial statements and details about their operations, but credit agencies must undertake additional efforts when reporting on these firms. Creditors should recognize that Colombia is a large and complex country. While information is readily available in the bigger cities, it can be more difficult and expensive to obtain information from small cities and towns. Luckily, the seven largest cities account for more than 90 percent of all business activity in Columbia. A fully automated information system based at the Banking Association is available online to the financial and insurance sectors.