About Davivienda

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Davivienda has been in business for over 48 years. Formerly incorporated as Corporación de Ahorro y Vivienda in 1972 in Colombia, Davivienda is going through a steady and strong expansion process since 2005.

>Banco Davivienda is owned by Grupo Empresarial Bolívar. A regional holding with more than 80 years of experience in the insurance, banking, and building industries. To learn more about Grupo Bolívar click here

History Corporate Information

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Davivienda has over 48 years of experience creating value-added to people and companies throughout Colombia and Central America.

2019

The RappiPay Davivienda partnership begins in Colombia. This alliance boosts digital and secure payments, lowering access and transaction costs.

2016

The Bank merged with Leasing Bolívar S.A. and increased its value offer to SME customers.

2013

The bank acquired Corredores Asociados, strengthening its business offer in wealth management.

2012

Davivienda acquired HSBC operations in Costa Rica, Honduras, and El Salvador, which strengthened its regional presence in the Americas.

2011

Davivienda announced a follow-on offering on the Colombian Stock Exchange.

Davivienda launched DaviPlata, a free service that enables Colombians to make financial transactions with their mobile phones.

2010

Davivienda announced its IPO in the Colombian Stock Exchange.

2007

Davivienda acquired Granbanco S.A./Bancafé and increased its commercial portfolio services along with its international presence expanding to Panama and Miami.

2006

Davivienda merged with Banco Superior.

1997

Davivienda turned into a commercial bank under the name of Banco Davivienda S.A. and focused on its consolidation in the Colombian financial sector.

Davivienda acquired Banco República de Venezuela (sold in 2001).

1994

Davivienda became a credit card issuer.

1973

Coldeahorro was renamed Corporación Colombiana de Ahorro y Vivienda Davivienda.

1972

Incorporation of Corporación Colombiana de Ahorro y Vivienda -Coldeahorro- with the “Casita Roja as its corporate logo.

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about our management model

We seek to deliver simple, reliable, and friendly experiences to our customers. In order to achieve this goal, we rely on a team that develops a value offer based on innovation, risk management, efficiency, and synergy between business lines.

Strategy Davivienda

Our purpose

Enriching Life with Integrity

Here at Davivienda, we strive to achieve the superior purpose we share with all Grupo Bolívar's companies. Our organizational culture flourishes around seven principles and values: Respect Equity Honesty Discipline Enthusiasm Joy Cheerfulness.

Organizational Culture

A culture that unites all Grupo Bolívar's companies

Our culture has enabled us to support people’s well-being, the construction of families’ wealth, the development of companies and the financing of projects contributing to the countries where the Bank operates.

Our mission

We generate value to our customers, community and investors through a work team full of integrity, commitment, fellowship and always willing to learn.

Principles and Values

Davivienda shares and promotes the principles and values established by Grupo Bolívar. Our organizational culture flourishes around seven principles and values:

  • Respect
  • Fairness
  • Honesty
  • Discipline
  • Enthusiasm, Joy and Cheerfulness

Corporate Strategic Objectives

For Davivienda, the strategic objectives are the objectives that the Bank intends to achieve with which it will generate greater value for its stakeholders. For this reason we have defined the following objectives:

Sustainable Management

We impact positively on society and the environment beyond our operation in the countries we serve.

Regional Management

We act as a single bank identifying transnational best practices and adapting them to each market where we serve.

Digital Management:

We are a digital organization by nature. Davivienda is an agile and flexible innovator that makes our customers' lives easier.

Talent Management

We gather the best team and strengthen their skills to achieve the best possible outcomes.

Risk Management

We all manage risk, leverage, and anticipate new opportunities enabling business growth and sustainability.

Effectiveness and Efficiency

As we innovate and optimize processes, we attain what we set out to do, ensuring the best use of resources at the lowest cost.

Strategic Business Objectives

Leaders in Personal Banking

We are a digital organization by nature. Our innovative, agile, and flexible mindset is oriented to make our customers' life easier.

A key leader in Corporate Banking

We will focus on developing tailored advice to SMEs.

Wealth Management Benchmark

We look to become our customers' first choice to manage their equity within a multinational portfolio offer.

Innovation Model - Grupo Bolívar

At Grupo Bolívar, we have consolidated an Innovation Model based on innovation as a cornerstone within our organization to design simple, reliable, and friendly experiences for our customers.

We have developed an Innovation Culture based on strengthening our staff's capabilities and skills within Innovation Ecosystems (Startups, Universities, Companies from other industries, Government and World-class Partners).
In 2018 we officially opened Domo I, Grupo Bolivar's innovation center seeking to develop:

New experiences for our customers

Digital transformation projects through our Innovation Model

Partnerships with crucial drivers among innovation and entrepreneurship ecosystems: academia, government, and businesses.

DaviPlata

DaviPlata was launched in February 2011 as a cash management service in Colombia.

DaviPlata is the digital solution that democratized access to financial services by leveraging the potential of mobile phones. DaviPlata was the first platform that enabled anyone in Colombia to:

  • Transfer money via social media.
  • Make free interbank transfers.
  • Have a prepaid e-card instantly.
  • Receive subsidies through a mobile solution.
  • Manage one's money over a cellphone without any data charges.
  • Withdraw or deposit cash on ATMs without a card.
  • Use its full interface even when the user has a disability.

Today, DaviPlata is more than a convenient payment system. Our wallet is linked to partner companies enhancing their value-added strategies for everyone who interacts with them. DaviPlata has expanded beyond Colombian borders and is now also in El Salvador, where it has grown hand-in-hand with the Financial Inclusion Law, fostering the use of electronic deposits and simplified accounts in the country.

The Casita Roja feature made Davivienda win the international Model Bank award in 2018 in the Consumer Channel Innovation category. While our customers are on their social media, they can transfer money, split checks, or add credit to prepaid cell phone plans.

Risk Ratings

Davivienda is risk-rated under national and international standards.

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Our Team

Officers

Board of Directors

BSc and MSc in Industrial Engineering from Pontificia Universidad Javeriana and the University of Michigan. Mr. Forero also obtained a Specialization in Banking from Universidad de los Andes and completed the Senior Management Program (PADE) at Universidad de la Sabana.

Mr. Forero served as Deputy Financial Manager, IT Department Head, Bogota Branch Deputy Manager, Administrative Manager, and Financial Manager at the Bolivar Insurance Company and is the former CEO of Delta Bolivar CFC.

Systems Engineer from Universidad Piloto de Colombia and specialist in Finance from Universidad de los Andes.

Mr. León served as Secretary of Development, Technical Delegate, and Technical Director at the SFC, Operations and Systems Vice President and SARC Director at Banco Cafetero and Vice President of Operations and Systems at Granbanco S.A. He was a member of the Board of Directors at Securities Market Supervision Commission, Fiducafé S.A.

Mr. Carrillo earned a BA in Economy, Specialization in Finance, Specialization in Project Planning and Assessment, and a GDip in cost-analysis and control from Colegio Mayor de Nuestra Señora del Rosario. Additionally, Mr. Carrillo attended a diploma course in Banking Management at Universidad de Los Andes. Furthermore, he taught Microeconomics at Universidad Santo Tomás.

Mr. Carrillo served as Executive Vice President of Finance and Credit at Banco de la República de Venezuela, and held the position of CEO of Banco Superior during its merger with Granbanco. He was a member of the Board of Directors of Banco República in Venezuela, Banco Davivienda, Asistencia Bolívar, Fiduciaria Superior and currently of Davivalores, Fiduciaria Davivienda, Titularizadora Colombiana and FINAGRO.

Mrs. Pérez is an Industrial Engineer from Pontificia Universidad Javeriana and Specialist in Banking and Finance from Universidad de los Andes. She also earned a GDip in Banking-Marketing and Advanced Banking Management at Universidad de los Andes, Product Management, and Design and Implementation of a Marketing Plan at INCOLDA.

Formerly she held the positions of Marketing Manager at Delta Bolívar and Assistant to the President at Davivienda.

Mrs. Echeverry is a Psychologist from Universidad de los Andes, MBA from Universidad Pontificia Comillas in Madrid and a professional coach. She worked six years at BBVA leading the Human Resources areas of Corfigan and Seguros BBVA.

She worked at Microsoft as Human Resources Manager for Colombia, leading the Andean Region Strategy. Between 2007 and 2017, Mrs. Echeverry worked at Ericsson as Chief Human Resources Officer for Latin America and the Caribbean. She joined Davivienda's team in September 2017 as CHRO to support the Bank's digital transformation from a talent-oriented perspective.

Mr. Melo is a Civil Engineer in Electronics from Universidad Técnica Federico Santa María de Chile.

He served as Deputy Manager of Technological Development at Banco de Santiago, Chief Manager of Central Services and Technology at Banco Santander Peru, and Systems Operations Manager at Banco Santander Chile. He was also Banco Santander Banespa Brazil Executive Technology Superintendent, and Operations and Technology Manager at Banco de Chile.

Furthermore, he held the positions as Professional Services Manager at NCR Chile, Operations and Administration Manager at Compañía de Seguros de Vida Santander S.A., General Manager at Altec Chile S.A. and General Manager at Altec Brazil, Sao Paulo Brazil.

Mr. Uribe is an Industrial Engineer from Universidad de los Andes with a Specialization in Finance. He completed the Advanced Medex program at INALDE.

He performed as Executive Advisor at Seguros Bolívar. Mr. Uribe has also served as Management and Credit Card Professional, Credit Card Information System Coordinator, Risk System Coordinator, Planning Projects Coordinator, Planning and Risk Director, and Payment Methods Director at Davivienda. He was an alternate member of BETA's Board of Directors, Fiduciaria Davivienda, and currently Fiducafé.

Mr. Castañeda earned a BA in Business Administration at EAFIT University and a Master of International Business at Western University in Sydney, Australia.

He was Foreign Exchange Division Manager and Chief Treasury Officer at Banco Industrial Colombiano. He also worked at Banco Cafetero as Chief Treasury Officer and currently serves as Chief Treasury and International Business Officer at Davivienda. He was in Leasing Bancolombia S.A. and Leasing de Colombia Board of Directors and is a current member of Fiducafé S.A. and DECEVAL S.A. Board of Directors.

Industrial Engineer from Universidad Javeriana, with a specialization in Finance from Universidad EAFIT-CESA INCOLDA, and Senior Management Program from PADE-INALDE.

Mr. Rojas has over 27 years experience in the financial sector within companies such as Diners Club Colombia, Diamante CFC, Fiduciaria Union and Grupo Colpatria, where he held various positions in the Treasury, Finance and Commercial areas.

His most recent positions have been as Leasing Bolívar S.A. CEO, Chief Corporate and International Banking at Banco Colpatria Officer, and Chief Commercial Banking Officer at Banco Davivienda.

He has served as a member of the Board of Mineros S.A., Banco Colpatria, ACH Colombia S.A. and Davivalores S.A.

BA in Economics from Universidad de Antioquia, with GDip in Senior Management from INALDE.

He worked at Conavi as Agency Director. At Grupo Bolívar, he served as a Financial Assistant in Medellín and Construction Department Manager (GICS 40- financials).

Nowadays, Mr. Arango is a Member of the Board of Directors at Davivienda (listed company), and an Alternate Member of the Board of Directors at Capitalizadora Bolívar S.A. (non-listed company) and Seguros Comerciales Bolívar (non-listed company).

Mr. Suárez is a Civil Engineer from Universidad de los Andes. He holds a MSc in Finance and a MSc in Actuarial Science at Georgia State University.

He is a former Seguros Bolívar Marketing Assistant, Health Insurance Marketing Officer, Management Assistant, Actuarial Assistant, and Financial Risk Officer and Financial Risk Director (GICS 40- financials).

He was a Member of the Board of Directors of Banco Superior, Granbanco, and currently Davivienda and Fiduciaria Davivienda S.A. (listed company)

Mr. Arango holds a BSc in Civil Engineering from Universidad de los Andes.

He has been an alternate member of Banco Superior Board of Directors and Granbanco.

He currently holds the office of Cusezar (non-listed company) General Manager and he is a Member of the Board of Directors of Banco Davivienda (listed company), Constructora Solidez (non-listed company), Constructora Portobelo (non-listed company) and Constructora Monticello (non-listed company).

Mr. Flórez is a lawyer with a specialization in Insurance Law from Universidad Javeriana. He also earned a Master of Laws degree, with emphasis on corporate law, financial law, and capital markets, at Cornell University.

He was Legal Director at Bolsa de Bogotá S.A., Assistant Vice President at Citibank, Issuers Deputy Superintendent at the Superintendence of Securities, Director at FOGAFIN, Main Member of the Board of Directors of Protección and Autoregulador del Mercado de Valores (AMV) (GICS 40- financials).

Mr. Molano is an Electronic Engineer from Pontificia and has a master’s degree in Economics from Pontificia Universidad Javeriana. Mr. Molano earned his MBA at the International Institute for Management Development - IMD Lausanne, Switzerland.

He occupied the Information and Communications Minister office in Colombia. Mr. Molano is a leader with over 25 years of international experience in information and communication, technology (ICT), innovation, strategy, sales, government, regulation, and management.

Mr. Holguín is a Bachelor of Arts in Economics from Georgetown University and Specialist in Finance from Universidad de los Andes.

He served as International Operations Deputy Director at Banco de Colombia, Foreign Operations Deputy Manager, International Vice President and Commercial Vice President at Banco Santander. Mr. Holguín was also Operations Vice President at the Colombian Banking Association; General Manager, Marketing Vice President at Banco de Bogotá, and Managing Partner of the Bogotá Stock Exchange.

He is the former president of Delta Bolívar - Compañía de Financiamiento Comercial S.A. and former Chief Corporate Credit Officer at Banco Davivienda.

Mrs. Martínez is an Industrial Engineer from Pontificia Universidad Javeriana with further studies in Banking Management, Leadership, Credit, Treasury, Management Skills, Sales and Assets, and Liabilities Management at Universidad de los Andes.

She held the position of Systems Department Advisor, Costs and Budget Department Director, and Financial Manager Assistant at Seguros Bolívar, Administrative Manager at ANDIGRAF, Grupo Bolívar Treasurer, Government and Financial Institutions Group Manager at Banco Internacional de Colombia, Treasury Director at Corporación Financiera Colombiana, and Vice President of Leasing Bolívar.

She is a former Davivienda's CFO.

Mr. Salazar is a Civil Engineer from Universidad de los Andes holding an MBA from the Wharton School University of Pennsylvania and Human Resources from the Standford Bank Management Simulator.

Former Associate Vice President of Bank of America N.T. & S.A. Panama.

He was an alternate member of the Board of Directors of Carulla & Cia S.A. and a member of Banco de la República in Venezuela, Empresa de Teléfonos de Bogotá, Ladrillera Santafé S.A., Banco Superior and Granbanco.

Accountant and Business Administrator from the University of Pennsylvania. He has over 20 years of experience in the financial sector. He held executive positions at Bank of America, Banco Santander Colombia, Santander Central Hispano (Madrid), BBVA, Davivienda, Citibank Colombia, and Old Mutual Skandia.

He served on the Boards of Directors at: Fiduciaria Davivienda,Compañía de Seguros Bolívar, Pensiones y Cesantías Santander, Santander Investment Trust, BNP Paribas Corporación Financiera, Gas Natural Colombia ESP, Emtelsa, Fiduciaria de Occidente and Citibank Colombia; and as an alternate member of the Board of Directors of Citibank Colombia and Citivalores S.A., Stock Broker.

He currently is on the Boards of Directors of Grupo Éxito (a company listed on the stock exchange), Seguros Comerciales Bolívar (a company not listed on the stock exchange), and Capitalizadora Bolívar (a company not listed on the stock exchange)

Mrs. López is an Economist from Harvard University and holds an MBA in Finance from the Columbia Business School.

She held positions such as Director of Public Credit and National Treasury, Vice President of Emerging Markets, and Associate for Latin America at J.P. Morgan. She was also in Sociedades Bolívar S.A., and Newfoundland Capital Management teams.

She was a member of the Board of Directors at Ecopetrol SA and Interconexión Eléctrica ESP (ISA). Nowadays, she is an alternate member of the Board of Directors at Ocensa (a company not listed on the stock exchange) and Seguros Bolívar (a company not listed on the stock exchange).


*No member of the Board of Directors is a PEP under Colombian regulation.

About our Board of Directors

Learn our Board's most relevant information please click here.

Go to Corporate Governance