BBVA Colombia, is the Colombian subsidiary of Banco Bilbao Vizcaya Argentaria. It is a private bank that is one of the Big Four banks of Colombia.
History In 1996, BBVA acquired 40% of Banco Ganadero, which was under state control. In 1998, BBVA acquired another 15%, thus achieving a majority stake. In 2004, BBVA Banco Ganadero changed its commercial name to BBVA Colombia.
In October 2005, BBVA continued its expansion in the Colombian market, acquiring Granahorrar Bank in a public auction for USD 423 millions. The legal merger was completed in May 2006.
In 2001, the bank acquired the pension fund AFP Horizonte, which was the largest in the country under BBVA's management. In April 2013, BBVA decided to exit the pension business in Latin America due to the 2008 financial crisis. In Colombia, it sold AFP Horizonte for US$530 million; 50% was acquired by and 50% by .
In 2008, the BBVA Foundation created Bancamia, a bank focused on microfinance.
List of presidents +N.°NameMandat1Vicente Benedito1998–20022Luis Juango Fitero2002–20083Óscar Cabrera2008–20204Mario Prado Bayona2020-20265Gloria CouceiroSince 2026
See also List of largest banks in Latin America
References