Banco Davivienda S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023
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Banco Davivienda S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was COP 2,451,000 million compared to COP 2,192,000 million a year ago. Net income was COP 25,000 million compared to COP 657,000 million a year ago.
For the six months, net interest income was COP 5,049,000 million compared to COP 4,262,000 million a year ago. Net income was COP 262,000 million compared to COP 1,168,000 million 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.