Top 5 Largest Banks in Colombia

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Colombia is a rapidly developing country in South America with a growing economy, and its banking sector plays a crucial role in driving the country's ... read more...

  1. Top 1

    Bancolombia

    Bancolombia S.A., also known as Grupo Bancolombia and formerly Banco de Colombia, is a full-service financial institution that offers goods and services in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, and Guatemala. Bancolombia is one of the six companies in the COLCAP index that have something to do with banking. The Bank works in nine different areas: Banking in Colombia, Banking in El Salvador, Leasing, Trust, Investment, Brokerage, Off Shore, Pension and Insurance, and all other sites.

    Together with its subsidiaries, Bancolombia offers a wide range of products and services, such as savings and investment products, financing, mortgage banking, factoring, financial and operating leases, treasury, comprehensive cash management, foreign currency, insurance, brokerage services, investment banking, asset management, and trust services. As of December 31, 2018, the Bank had a total of 1041 offices in its branch network.

    It is the biggest Bank in the country right now. It stands out because it offers customers a variety of financial goods and uses new technology to make procedures and processes easier for users. Its most recent change came in 2017 with the Nequi platform, a virtual application that lets you do different transactions and operations. Bancolombia has about 900 branches and 6,050 ATMs in Colombia, Latin America, and the Caribbean, including Panama, El Salvador, Guatemala, the Cayman Islands, Peru, and Puerto Rico. It serves more than 25 million retail, business, and corporate users.


    Founded: 1875

    Headquarters: Medellín, Colombia

    Website: https://www.bancolombia.com/

    Screenshot of www.grupobancolombia.com/en
    Screenshot of www.grupobancolombia.com/en
    Bancolombia

  2. Top 2

    Banco de Bogotá

    Banco de Bogotá S.A. has the second most assets of any bank in Colombia. It has offices in New York and Miami, Florida, as well as in Panama and the Bahamas. The company has been around since 1870, making it the oldest bank in the country. The magazine Global Finance says that it is the best bank in Colombia. The richest person in Colombia, Luis Carlos Sarmiento, owns Grupo Aval Acciones y Valores, which owns Banco de Bogota.

    In Colombia, Banco de Bogotá has about 650 branches, five business service centers, and a banking attention center. On a national level, it also works through subsidiaries: Corporacion Financiera Colombiana S.A., an investment bank; Almacenes Generales de Deposito Almaviva S.A., a products supply logistics company; Sociedad Fiduciaria Bogotá Fidubogotá S.A. and Fiduciaria del Comercio Fiducomercio S.A., trust and portfolio investment companies; Leasing Bogotá S.A. It also has a bank branch in Panama and a bank branch in the Bahamas. Banco de Bogotá has two offices in the United States. One is in New York City, New York, and the other is in Miami, Florida.

    Grupo Aval, a holding company that is one of Colombia's biggest and most powerful banking institutions, owns most of the Bank's voting shares. Alejandro Figueroa is its president, and he has been in this job since 1989.


    Founded: 1870

    Headquarters: Bogotá, Colombia

    Website: https://www.bancodebogota.com/

    Photo on Wikimedia Commons
    Photo on Wikimedia Commons
    Banco de Bogotá
  3. Top 3

    Banco Davivienda

    Banco Davivienda is a large financial services provider in Colombia. It was founded in 1972, and it provides services to more than 5.1 million customers. It is Colombia's third-largest bank, with over 500 branches and over 3,000 ATMs across the country. The bank provides a full range of financial services, including deposits, loans, mortgages, payroll services, and credit cards. It also offers online and mobile banking services.

    Banco Davivienda
    is committed to providing excellent customer service, convenient access to banking services, and quality products. It works with the latest technology to ensure customer security and privacy. The bank's customer service representatives are available 24/7 in Spanish and English to help customers with any issues or questions.

    Banco Davivienda
    has a strong financial position and is well-capitalized. It has an AA+ rating from Moody's and holds a Tier 1 capital ratio of 8.3%. The bank is strongly committed to its corporate social responsibility and focuses on initiatives to promote financial education and sustainability. It is also actively involved in support of Colombian entrepreneurs and small businesses.


    Founded: 1972

    Headquarters: Bogotá, Colombia

    Website: https://www.davivienda.com/

    Photo on Wikimedia Commons
    Photo on Wikimedia Commons
    Banco Davivienda Colombia
  4. Top 4

    BBVA Colombia

    BBVA Colombia is a subsidiary of Grupo Financiero BBVA, a leading financial services group. It provides various banking services to individuals, small businesses, and large corporations. BBVA Colombia is known for its commitment to social responsibility and is a leader in promoting financial inclusion. It has also been recognized for its innovative use of technology, such as its mobile banking platform, to improve customer service and security.


    BBVA Colombia has a vast network of branches and ATMs nationwide, making it easier for customers to access their funds. The bank also offers extensive products and services, including deposits, loans, credit cards, investments, and insurance. In addition, BBVA Colombia is the only bank in Colombia to offer the Bancoppel service, which allows customers to make payments, transfer funds, and buy products and services online.


    BBVA Colombia is dedicated to providing excellent customer service and takes pride in its commitment to corporate social responsibility. The bank has developed a wide range of programs to promote financial education and provide access to financial services to underserved communities. It also strongly focuses on sustainability, implementing initiatives to reduce its environmental impact.


    Founded: 1956

    Headquarters: Bogotá, Colombia

    Website: https://www.bbva.com.co/

    Photo on Wikimedia Commons
    Photo on Wikimedia Commons
    BBVA en Colombia
  5. Top 5

    Banco de Occidente

    Banco de Occidente is a financial institution founded in 1982 in Panama. It is one of the largest banks in the country and offers a wide range of services, including savings accounts, loans, debit cards, and credit cards. It also operates branches in other countries, including Costa Rica, Guatemala, and Nicaragua. The bank has a network of more than 500 ATMs, and its services are available online through its website and mobile app.

    Banco de Occidente
    strongly focuses on providing financial services to small and medium-sized businesses with specialized services tailored to their needs. The bank also provides its customers access to international markets through its subsidiaries in the United States, the United Kingdom, and other countries.

    The bank is committed to promoting sustainability in its communities and has been a signatory to the United Nations’ Principles for Responsible Banking since 2018. It is also a member of the Global Alliance for Banking on Values and has won numerous awards for its environmental, social, and economic sustainability commitment.


    Founded: 1964

    Headquarters: Santiago de Cali, Colombia

    Website: https://www.bancodeoccidente.com.co/

    Banco de occidente cali - Photo on Wikimedia Commons
    Banco de occidente cali - Photo on Wikimedia Commons
    Banco de Occidente



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