Banco de Bogotá (English: Bank of Bogotá) is the first commercial bank established in Colombia.
Overview
Founded in 1870, Banco de Bogotá is the oldest commercial banking institution in Colombia, and operates through approximately 650 branches, five corporate service centers and a banking attention center in the country. On a national level, it also operates through subsidiaries: Corporacion Financiera Colombiana S.A., an investment bank; Almacenes Generales de Deposito Almaviva S.A., a products supply logistics company; Sociedad Fiduciaria Bogotá Fidubogotá S.A. and Fiduciaria del Comercio Fiducomercio S.A., trust and portfolio investment companies; Leasing Bogotá S.A., a leasing company; Valores Bogotá S.A., a provider of brokerage services; and Fondos de Pensiones y Cesantias Porvenir, a pensions and suspensions administrator. It also owns bank subsidiaries in Panama and the Bahamas. In the United States, Banco de Bogotá operates two agencies, one in New York City, New York, and one in Miami, Florida.
Grupo Aval, a holding company which is one of the largest and most influential financial entities in Colombia, owns a majority of the Bank's outstanding voting shares.
Its actual president is Alejandro Figueroa who has been in this position since 1989.