José Alejandro Cortés

Responding to Crises

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José Alejandro Cortés, President of the Colombia-based diversified business group Grupo Bolìvar, discusses how the economic crisis that hit Latin America in the 1990s impacted his business. He discusses how he handled it by selling the bank in Venezuela to provide stability for Banco Davivienda, how he handled the bank run, the importance of staying calm in tough situations, and how the lessons learned led them to be unscathed with the 2008 world financial crisis.

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