Banco de Bogotá, subsidiary of Grupo Aval (NYSE: AVAL), was founded in November 1870 and pioneered private banking in Colombia. Today, Banco de Bogotá and its subsidiaries form a leading financial services company in Colombia and Central America, serving over 19 million clients in 11 countries with 46,000 employees.
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Banco de Bogotá, the pioneer of private banking in Colombia, transforms itself for its next 150 years. (Photo: Business Wire)
Four years ago, Banco de Bogotá undertook an organizational transformation which led to an award-winning leapfrog advancement in innovation, sustainability and talent-management. Banco de Bogota celebrates this milestone by strengthening its ongoing commitment to continue building the banking industry in Latin America.
"We feel proud to have substantially contributed to the region's development and to economic progress in Colombia and Central America. We will continue strengthening our sustainability strategy in order to improve quality of life, empower individuals, and actively protect the environment," says Alejandro Figueroa, President of Banco de Bogotá.
Julio Rojas Sarmiento, Executive VP of the bank (or Deputy CEO) concludes that, "At Banco de Bogotá, we are guided by the common goal of channeling our resources to make a difference in the communities that we serve. We are very fortunate to have such a talented, highly motivated team of collaborators who are focused on developing better, innovative solutions for our clients on a daily basis."
Best bank in Colombia in 2020
The Banker, from the Financial Times Group, recognized Banco de Bogota as the best bank in Colombia in 2020. The primary factor taken into consideration by the British magazine for selection, was the resilience of the bank and the attention given to their clients in midst of the COVID-19 generated crisis.
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