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Until a few months ago, a total of 25 private banks operated in Colombia, of which 15 were national and 10 foreign. However, the economic reactivation in the country after several months of quarantine due to the pandemic also brought with it the arrival of a few more, most with branches in other countries.
These new competitors in the national banking sector will not have an easy time competing for a place from the entities that have been reaping millions of customers and billionaire profits each year for so many years, to the point that more and more citizens are interested in knowing who their owners are.
Bank owners in Colombia
In charge of several of the largest banking entities in the country are millionaire businessmen and economic groups with years of tradition in the sector.
Such is the case of Grupo Aval, owned by Luis Carlos Sarmiento Angulo, who with a fortune of close to 9,000 million dollars has been the richest man in the country for several years. That group is the owner of Banco de Bogotá, Banco AV Villas, Banco de Occidente and Banco Popular.
Grupo Empresarial Antioqueño is the owner of this company, which last year had profits of 2.6 billion pesos and an annual growth of 58.4%, according to figures from the newspaper La República.
Davivienda
According to Money magazine, Grupo Bolívar is the owner of the Davivienda bank, the same group that is in charge of Seguros Bolívar and Inversora Anagrama. This bank was the third with the most profits in 2019, with almost one trillion pesos.
Owners of Colpatria
As it explains on its website, the Colpatria bank is owned by the Colpatria Group, which was founded more than 60 years ago by the late businessman Carlos Pacheco Devia. In 2011, the bank’s owners signed “a long-term strategic alliance with the multinational Scotiabank, one of the main financial institutions in North America and the most international bank in Canada,” the company states on its website.
GNB Sudameris Bank
That entity was the fifth with the highest annual growth last year, with a total of 31%, and its owner is the Gilinski Group, which is headed by businessman Isaac Gilinski, who was also an ambassador to Israel when Álvaro Uribe was president.
It is worth mentioning other banks in the country, such as Banco Caja Social, which is owned by the Social Foundation. Similarly, BBVA Colombia, which is a subsidiary of BBVA Spain, has been operating for several years.
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