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report-iii-quarter-2016.pdf
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🔗 Source: ir.davivienda.com
📊 Size: 1.21 MB
👤 Author: José F. Machado
⬇️ Downloads: 36

Summary

Banco Davivienda announced its consolidated results for the third quarter of 2016, reporting a net profit of COP 363.2 billion, a 9.0% increase compared to the third quarter of 2015. Financial income increased 34.9% due to higher placement volumes and good performance in investments. The net financial margin ended at COP 887.4 billion, up 15.7% from the previous year, with a net interest margin of 6.6%. The cost of risk ended at 1.89%, and the efficiency indicator stood at 44.6%. The bank's solvency indicator was 11.6%, above the regulatory minimum. At the end of the third quarter, Davivienda had 8.6 million customers, 17,362 employees, 753 branches, and 2,226 ATMs.

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Banco Davivienda announced its consolidated results for the third quarter of 2016, reporting a net profit of COP 363.2 billion, a 9.0% increase compared to the...

Technical Information

  • File Format: PDF
  • File Size: 1.21 MB
  • Pages: 19
  • Language: EN
  • Author: José F. Machado
  • Total Downloads: 36
  • Last Updated: 3 months ago

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