Colombia's Banco Davivienda reported nine-month net profit of
COP1.2 trillion ($323mn), representing a 208% surge compared with
the same period in 2024, driven by reduced financial costs, lower
provisioning expenses and controlled operational spending growth,
the bank announced.
Third-quarter net profit reached COP522bn ($140mn), rising 19.2%
from the previous quarter, supported by improved gross financial
margins and decreased provision charges, according to the
statement.
Colombia's gross loan portfolio closed at COP109 trillion
($29.3bn), advancing 0.6% during the quarter and 4.9% year-on-year,
primarily driven by housing and consumer credit in the quarter, and
housing and commercial lending annually. The bank's solvency
indicators reflected strong capital adequacy, with basic solvency
at 12.25% (5.82 percentage points above regulatory minimum) and
total solvency at 20.52% (9.02 percentage points above regulatory
minimum).
Consolidated gross portfolio reached COP144.6 trillion
($38.9bn), declining 0.3% during the quarter whilst increasing 2.7%
annually, variations influenced by Colombian peso appreciation and
commercial portfolio prepayments. Consolidated net profit after tax
stood at COP374bn ($101mn), falling 13.9% in the quarter due to
income tax normalisation, whilst the accumulated nine-month profit
of COP1.1 trillion ($296mn) represented a COP1.35 trillion increase
versus the year-earlier period.
The sustainable portfolio closed at COP29.1 trillion ($7.8bn),
accounting for 20.1% of total lending and expanding 6.8% versus the
prior quarter and 47.1% y/y. Green portfolio assets of COP8.2
trillion ($2.2bn) represented 28% of sustainable financing,
increasing 2.1% from the previous quarter and 28.7% annually,
whilst social portfolio holdings of COP20.8 trillion ($5.6bn)
comprised 71.4% of sustainable lending, advancing 8.9% quarterly
and 54.4% annually, principally reflecting participation in major
social infrastructure projects.
The bank incorporated DaviPlata nanocredits into its social
portfolio during the quarter, described as low-value loans designed
to enhance access to formal credit, with a balance of COP67.3bn
($18mn). Sustainability-linked credits accounted for the remaining
COP200bn ($54mn) of the sustainable portfolio.
DaviPlata consolidated its evolution from a digital wallet to a
neobank in October, expanding its financial offerings to reach new
customer segments and improving the application's technological
capabilities. Average monthly low-value deposits reached COP1.1
trillion ($296mn) during the quarter, rising 2.1% every quarter and
15.6% on an annual basis. DaviPlata's credit portfolio balance
stood at COP69bn ($19mn), surging 83.8% in the quarter and 388.2%
y/y, driven principally by nanocredit segment growth.
Davivienda Group became the controlling shareholder of Banco
Davivienda in October, holding direct and indirect equity of 76%,
the bank reported. In October, the institution informed the market
about an initial public offering initiated by Davivienda Group.
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