Banco Davivienda S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 02:22 am EST
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Banco Davivienda S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was COP 2,012,618 million compared to COP 2,227,320 million a year ago. Net loss was COP 370,370 million compared to net income of COP 396,175 million a year ago. Basic loss per share from continuing operations was COP 820 compared to basic earnings per share from continuing operations of COP 877 a year ago.
For the nine months, net interest income was COP 7,092,903 million compared to COP 6,514,348 million a year ago. Net loss was COP 120,191 million compared to net income of COP 1,552,257 million a year ago. Basic loss per share from continuing operations was COP 266 compared to basic earnings per share from continuing operations of COP 3,437 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.
BANCO DAVIVIENDA S.A. 
