October 20, 2014 1:14 AM ET

Banks

Company Overview of Banco Davivienda, S.A.

Company Overview

Banco Davivienda S.A. provides various banking products and services in Colombia. It serves individuals and businesses, as well as the rural, mining, and energy sectors. The company operates through a network of approximately 566 offices and 1,482 ATMs in approximately 170 cities. Banco Davivienda S.A. was founded in 1972 and is headquartered in Bogotá, Colombia.

Edificio Davivienda

Av. El Dorado No. 68 C - 61

Bogotá,  

Colombia

Founded in 1972

16,300 Employees

Phone:

57 1 330 0000

Fax:

57 1 285 7961

Key Executives for Banco Davivienda, S.A.

Banco Davivienda, S.A. does not have any Key Executives recorded.

Banco Davivienda, S.A. Key Developments

Banco Davivienda, S.A. Presents at BTG Pactual V Latin American CEO Conference, Oct-14-2014

Banco Davivienda, S.A. Presents at BTG Pactual V Latin American CEO Conference, Oct-14-2014 . Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States.

Banco Davivienda, S.A. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Banco Davivienda, S.A. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced total income of COP 1,237 billion compared to COP 824 billion for the same period a year ago. Operating income was COP 296 billion compared to operating loss of COP 3 billion for the same period a year ago. Income before taxes and minority interest was COP 320 billion compared to COP 6 billion for the same period a year ago. Net income was COP 240 billion compared to COP 34 billion for the same period a year ago. Compared to second quarter of 2013, net income grew 612.3% due to the solid performance of the loan portfolio during second quarter of 2014 and the lower earnings base of the previous year as a result of the treasury portfolio devaluation in second quarter of 2013. Net profit per share was COP 462.2 at the end of second quarter of 2014. With regard to second quarter of 2013, net profit per share grew 462.2%. For the six months, the company announced total income of COP 2,442 billion compared to COP 1,995 billion for the same period a year ago. Operating income was COP 647 billion compared to COP 311 billion for the same period a year ago. Operating income increased primarily due to the increase in transaction income, especially in commissions from banking services, collection of business services and commissions on cashier's checks. Income before taxes and minority interest was COP 679 billion compared to COP 310 billion for the same period a year ago. Net income was COP 508 billion compared to COP 273 billion for the same period a year ago. Return on average equity (ROAE) as reported at the second quarter of 2014 was 16.5% compared to 10.7% as at the second quarter of 2013.

Banco Davivienda, S.A., Q2 2014 Earnings Call, Aug 13, 2014

Banco Davivienda, S.A., Q2 2014 Earnings Call, Aug 13, 2014

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 12, 2014
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