Banco Davivienda S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 24, 2021
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Banco Davivienda S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was COP 1,950 compared to COP 1,704 a year ago. Net income was COP 14 compared to COP 385 a year ago. For the full year, net interest income was COP 7,567 compared to COP 6,694 a year ago. Net income was COP 408 compared to COP 1,484 a year ago.
Banco Davivienda SA is a Colombia-based banking institution. The Bankâs products and services include savings and current accounts, consumer and commercial loans, credit and debit cards, mortgages, fixed-term deposits, portfolio management, foreign trade financing and a variety of insurance policies, as well as other banking operations to individuals and businesses. As of December 31, 2012, the Bank operated a network of 572 branch offices located nationwide and one in the United States. It also owned such subsidiaries as Fiduciaria Davivienda SA, Dadivalores SA, Bancafe Panama SA and Fiduciaria Cafetera SA, among others. In addition, Grupo Empresarial Bolivar was the Companyâs major shareholder.