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report-june-2011.pdf
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🔗 Source: ir.davivienda.com
📊 Size: 606 KB
👤 Author: DAVIVIENDA
⬇️ Downloads: 367

Summary

The Board of Directors consists of Carlos Guillermo Arango Uribe, Javier Suárez Esparragoza, Alvaro Peláez Arango, Gabriel Humberto Zárate Sánchez, and Bernard Pasquier. The bank has 3.7 million customers, $31.5 billion in assets, 554 offices, 1,428 ATMs, and 10,657 employees. The bank's credit card and debit card portfolios consist of 1.48 million and 2.79 million cards, respectively. The bank has a AAA long-term debt rating from BRC and Value & Risk.

The bank's major figures have shown significant growth, with a constant annual growth rate (CAGR) of 18.9% in assets, 15.7% in profits, 22.2% in loan portfolio, and 13.9% in deposits. The bank's solvency ratio has also increased, with a CAGR of 12.74%.

The bank launched a new financial service called DaviPlata in February, which allows users to manage cash without a bank account. The service has gained 58,000 customers in five months, with 44% of them being new to the bank.

The Colombian economy has also shown good performance, with a growth rate of 5.1% in the first quarter of 2011. The inflation rate is at 3.24%, within the Central Bank's goal range. The bank expects the economy to continue growing, driven by consumption and sectors such as mining, construction, and trade.

The bank's report highlights the good financial and commercial results achieved during the first semester of 2011, with innovating strategies and a strong economic environment contributing to its success.

Description

The Board of Directors consists of Carlos Guillermo Arango Uribe, Javier Suárez Esparragoza, Alvaro Peláez Arango, Gabriel Humberto Zárate Sánchez, and Bernard...

Technical Information

  • File Format: PDF
  • File Size: 606 KB
  • Pages: 29
  • Language: EN
  • Author: DAVIVIENDA
  • Total Downloads: 367
  • Last Updated: 7 hours ago

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