Colombia Best Bank: Banco Davivienda

Colombia Best Bank: Banco Davivienda

Bonds Structured Finance Colombia Corporate & Sovereign Strategy

Colombia¹s banks have been on a roll for the past two years, but they face stiff competition from abroad. The country¹s robust growth has buoyed the banking sector and fuelled a diversification of banking activities and lending ­ a development not lost on foreign institutions eyeing the market. Canada¹s Scotia Bank bought control of Colpatria for $1 billion, and Chile¹s Corpbanca has taken Santander Colombia for $1.23 billion and Helm Bank, if completed, for $1.28 billion. Though these moves make headlines, they are still far from shaking up the regional pecking order, where Bancolombia and Banco de Bogotá sit on the top. Colombia¹s Banco Davivienda, the system¹s third-largest has be

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