Banco de Occidente SA
BBVC:OCCIDENTE20,000.00
COP
0.00
(0.00%)
ISIN
COB23PA00067
Return %
Stock
S&P 500
1Y
2.25
14.20
3Y
66.67
81.12
5Y
-28.57
68.34
Capital Structure
COP
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in mil. unless spec.Working Capital
COP
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in mil. unless spec.Growth Rates
COP
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in mil. unless spec.Quarterly Revenue
COP
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in mil. unless spec.Quarterly Earnings Per Share
COP
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in mil. unless spec.Quarterly Dividends Per Share
COP
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in mil. unless spec.Company Description
- CEO
- César Prado Villegas
- Full Time Employees
- 7,054
- Sector
- Finance
- Industry
- Major banks
- Address
- Santiago de Cali Colombia
- IPO Date
- Oct 7, 1981
- Website
- bancooccidente.com.co
- Similar Companies
- Business
- Banco de Occidente S.A. is a Colombian financial institution that provides a comprehensive range of commercial banking, personal banking, corporate banking, and financial services to individuals, small and medium-sized enterprises (SMEs), corporations, and public sector entities. Founded in 1965 and headquartered in Cali, Colombia, the bank operates as a core subsidiary of Grupo Aval Acciones y Valores S.A., one of the largest financial conglomerates in Latin America. The bank conducts its operations through several specialized business segments, including Personal Banking, Commercial and Corporate Banking, SME Banking, Treasury and International Operations, and Trust and Asset Management. The company offers a diverse portfolio of financial products and services, including checking, savings, and certificate of deposit (CDT) accounts; consumer loans, payroll deduction credits (libranzas), and residential mortgages; specialized vehicle financing and auto credit solutions under its flagship Occiauto brand; commercial credit facilities, working capital loans, syndicated financing, and treasury services; financial and operational leasing for automotive fleets, industrial machinery, equipment, and commercial real estate through Leasing Occidente; credit and debit card issuance, merchant acquisition, and electronic payment processing solutions; foreign exchange transactions, international trade finance, letters of credit, and cross-border money transfers; trust administration, escrow management, real estate trusts, and collective investment funds (FICs) administered by its subsidiary Fiduciaria de Occidente S.A. (Fiduoccidente); cash management, electronic payroll dispersion, and liquidity optimization services for corporate clients; and bancassurance products covering life, auto, property, and credit protection insurance. Geographically, the bank maintains an extensive domestic distribution network consisting of branches, automated teller machines (ATMs), and banking correspondents throughout Colombia, complemented by offshore international banking subsidiaries including Banco de Occidente (Panamá) S.A. in Panama and Occidental Bank Inc. in Barbados. In recent developments, Banco de Occidente has accelerated its enterprise-wide digital transformation and expanded its sustainable finance portfolio. The bank has modernized its core digital channels, deploying end-to-end digital onboarding, instant digital certificate of deposit (CDT) openings, and automated credit decisioning on its Occidente Móvil platform. To support environmental, social, and governance (ESG) objectives, the institution launched its Occiauto Verde line of credit to finance hybrid and electric vehicles, alongside dedicated green credit facilities for energy transition and sustainable infrastructure projects. Additionally, Banco de Occidente has enhanced operational integration within the Grupo Aval network through interoperable digital payment rails and digital wallet integrations with dale!, while establishing strategic commercial alliances with automotive dealerships and technology aggregators to deliver embedded digital auto loan approvals and automated supply chain financing for commercial clients.