Top Largest Banks in Colombia

The top largest banks of Colombia include Bancolombia, Banco de Bogota, Banco Davivienda, among others.

Bancolombia is the biggest commercial bank in Colombia. Global Finance magazine presented Bancolombia and Banco Agrícola, a subsidiary of Bancolombia, with the “Best Emerging Market Banks” award for banks in Colombia and in El Salvador, respectively. Euromoney magazine gave Bancolombia the award for “Best Corporate Governance” in Colombia, based on the results of the fourth annual survey of the Best Managed Companies in Latin America. In addition, the bank occupied the 2nd position in the category “Best managed Banking and Finance company” and the 3rd position in “Most useful and informative website”. The bank also received Deutsche Bank’s Straight Through Processing (STP) Excellence award in recognition of its excellence in quality of payment messages sent to Deutsche Bank.

Banco de Bogota is the oldest commercial banking institution in Colombia. It is part of AVAL, Colombia´s largest financial group. The bank offers integral solutions through its subsidiaries including: Almaviva (for logistics operations), Leasing Bogota (for administration and advice in handling assets and funds), Fiduciaria Bogota (for consumer finance), Valores Bogota (for securities trading).

Banco Davivienda is Colombia's third largest bank, providing a wide range of banking products and services to both personal and business clients. Davivienda has a local long-term credit rating of “AAA” by Fitch Ratings.

* Next: Top Largest Banks in Latin America

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Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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