- CEO
- Javier José Suárez Esparragoza
- Full Time Employees
- 17,000
- Sector
- Finance
- Industry
- Major banks
- Address
- Avenida El Dorado Bogota DC Colombia 111071
- IPO Date
- Aug 30, 1985
- Business
- Banco Davivienda S.A. Banco Davivienda S.A. provides comprehensive banking and financial services to retail, small and medium-sized enterprise, corporate, and public sector clients across Colombia and Central America. The bank offers deposit products including savings accounts, current accounts, and term deposits; lending solutions such as consumer loans, mortgage and housing loans, vehicle loans, commercial loans, agricultural credits, microfinance loans, and credit lines; card products encompassing credit cards, debit cards, and prepaid options; investment and wealth management services; insurance agency solutions; treasury and international transaction services; online and mobile banking platforms; leasing facilities; and payment solutions including overdrafts and security transportation. It operates through segments comprising Retail Banking for individuals, Enterprises for legal entities, Asset and Liability Management, and International operations, with a strong emphasis on digital financial inclusion serving over 24 million customers via more than 660 branches, 2,800 ATMs, and advanced transactional platforms primarily in Colombia, Panama, Costa Rica, Honduras, El Salvador, and a branch in Miami. Founded in 1972 as Corporación Colombiana de Ahorro y Vivienda in Bogotá, Colombia, where it maintains headquarters at Avenida El Dorado No. 68C-61, the bank functions as a subsidiary of Grupo Bolívar, Colombia's prominent conglomerate with diversified regional presence. In a transformative development, Banco Davivienda S.A. signed an agreement on January 6, 2025, with Scotiabank to acquire its banking operations in Colombia, Costa Rica, and Panama, granting Scotiabank approximately 20% ownership in the combined entity expected to close in the second half of 2025 pending regulatory approvals; this strategic alliance enhances Davivienda's asset base to around USD 60 billion pro forma, adds nearly 2.8 million customers, bolsters market share in key Central American markets, and supports its evolution into a Latin-global bank while maintaining robust CET1 ratios.