Type Sociedad Anónima Industry Finance Number of employees 10,683 Revenue 1.7 billion USD (2012) Total assets 26.6 billion USD (2012) Parent organization Grupo Bolivar | Traded as BVC: PFDAVVNDA Products Banking Headquarters Bogotá, Colombia Founded 1972 Net income 393.1 million USD (2012) | |
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Key people Efrain Enrique Forero Fonseca, (Chairman) Subsidiaries Banco Davivienda Honduras, S.A., Bancafé Profiles | ||
Davivienda is a Colombian bank founded in 1972 that renders services to individuals, companies, and the rural sector. Currently, it is part of Grupo Bolivar is the third-largest bank in Colombia by assets and profits.
History
The Corporación Colombiana de Ahorro y Vivienda, Coldeahorro, was created in August, 1972. It opened its doors to the public on November 15, 1972, with the main branch in Bogotá, and one branch in each of the cities of Medellín, Cali, and Barranquilla.
On January 30, 1973, Coldeahorro changed its name to Corporación Colombiana de Ahorro y Vivienda, Davivienda.
On July 1, 1997 Davivienda became Banco Davivienda S.A. and in May, 2006 it merged with Banco Superior. In 2006, it purchased Granbanco S.A - Bancafé from the Colombian government for USD 2.2 billion, outbidding Banco de Bogotá by USD 327 million. The acquisition allowed Davivienda to expand its business in the corporate and agricultural markets.
Davivienda has used the "Casita Roja" (small red house) as a national and international logo since 1973. In 1994, the company introduced the «Lugar equivocado» (wrong place) tag line as part of its advertising campaigns.
Davivienda purchased the Costa Rica, El Salvador and Honduras operations of HSBC in 2012.
In 2010, Davivienda received permission from the United States Federal Reserve to operate a branch in Miami, Florida. The branch opened in 2011.