Davivienda Announces Earnings Results for the Third Quarter and Nine Months 2018
November 16, 2018 at 09:30 am EST
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Davivienda announced earnings results for the third quarter and Nine Months 2018, for the quarter, the company reported interest income of COP 2,320 billion compared to COP 2,296 billion a year ago. Income before taxes was COP 434 billion compared to COP 375 billion a year ago. Net income was COP 289 billion compared to COP 273 billion a year ago.
For the period, net income reached COP 1.02 trillion compared to COP 923 billion 10.9% higher than the same period last year. Interest income was COP 7,075 billion compared to COP 7,013 billion a year ago. Income before taxes was COP 1,410 billion compared to COP 1,276 billion 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. 
