November 10, 2016
It has been a busy few years for Banco de Bogotá. Since buying assets in Central America, the Colombian lender has concentrated on integrating the new businesses and strengthening its capital ratio.
The bank is focused on “consolidating its position in current markets,” Alejandro Figueroa, chief executive, tells LatinFinance. It has also been hard at work reshaping the company structure to best effect.
Banco de Bogotá is LatinFinance’s Bank of the Year Colombia for 2016 thanks to solid growth in consolidated assets (15.8% through March, the last publicly available figures), deposits (15.7%) and total loans (18.8%) despite slower economic growth in Colombia. Additionally, the bank has sharply
The oldest financial institution in Colombia has outshone peers despite a tough political and economic backdrop