In their drive for greater regional presence, Colombia's banks
have proved a competitive bunch. The country's lenders have
taken advantage of strong domestic growth, as well as regional
opportunities arising from European banks' exits and
strengthening links with Central America.
Bank of the Year, Colombia: Banco de Bogotá
Colombian banks are competing aggressively at home and abroad. Banco de Bogotá’s numbers show a conservative
The country's three biggest banks, Banco de Bogotá,
Bancolombia and Davivienda, have all announced acquisitions in
the recent past, buying banks outside the country.
Davivienda picked up HSBC's businesses in Costa Rica, El
Salvador and Honduras for $801 million last year....
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