Banco Davivienda

What Banco Davivienda does

Banco Davivienda S.A. is a Colombian commercial bank founded in 1972, headquartered in Bogotá, and listed on the Bolsa de Valores de Colombia (ticker DAVIPF) under the Grupo Bolívar conglomerate. Following the 2025 transfer of Scotiabank's banking operations in Colombia, Costa Rica, and Panama into a new Davivienda Group holding company (with Scotiabank taking roughly 20% ownership), the bank holds over $60 billion USD in combined assets and ranks among the top three Colombian banks alongside Bancolombia and Banco de Bogotá. It operates a hybrid distribution model spanning 486 branches, more than 2,200 ATMs, the App Davivienda mobile platform, DaviPlata mobile wallet, phone banking, and bank correspondents, with international presence in Panama, Costa Rica, Honduras, El Salvador, and Miami.

The platform covers the full retail, SME, corporate, agricultural, construction, and government banking stack: deposit products (payroll, savings, pension, AFC, rentable, international, and current accounts), credit (housing via Leasing Habitacional and Crédito Hipotecario, vehicle, education, consumer, revolving, debt consolidation), investments (CDT, CDAT, collective investment funds), insurance (credit life, life and health, vehicle and property via Seguros Bolívar), and payment media (Mastercard debit and credit cards, Bre-B instant payment keys, PSE, Apple Pay, Google Pay). Subsidiaries — Fiduciaria Davivienda, Davivienda Corredores, Corporación Financiera Davivienda, DaviPlata, and regional entities — provide fiduciary, brokerage, and corporate finance services.

Revenue is generated primarily through net interest income on the loan book (mortgages, consumer, vehicle, commercial), recurring fee income from monthly account maintenance (tiered from $0 Plan G-Zero up to $66,800 monthly Portfolio Banking), commissions on investment products and insurance, and treasury operations. Go-to-market is multi-channel: digital acquisition via mobile app and website, a sponsorship-driven brand presence (e.g., the Hotel Mundial World Cup campaign), and branch-based relationship management for high-value retail, SME, and corporate clients. Recent strategic moves include the RappiPay digital-bank joint venture with Rappi and participation in Mastercard's Agent Pay agentic payments pilot across Latin America.

Name

Banco Davivienda

Legal name

Banco Davivienda S.A.

Website

https://davivienda.com

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Banco Davivienda is a Colombian commercial bank (founded 1972, Bogotá, listed as DAVIPF) offering retail, SME, corporate, agricultural, construction, and government banking across Colombia and Central America, with over $60 billion USD in assets following the 2025 integration of Scotiabank's regional operations.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Savings Institution, Federally Chartered (6035), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), Credit Cards & Revolving Credit (FSABAAAC), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

• Retail banking services
• Commercial banking
• Mortgage financing
• Digital payments
• Investment products

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Revenue generated from interest on loans including mortgage loans (Leasing Habitacional, Crédito Hipotecario), vehicle loans, personal loans, credit cards, and commercial loans
2. Fee-based Income: Monthly account maintenance fees (cuota de manejo), transaction fees, credit card fees, and other service charges across various product tiers
3. Investment Products: Commissions and spreads from Certificate of Deposit (CDT), CDAT, and Collective Investment Funds (Fondos de Inversión Colectiva)
4. Insurance Products: Insurance products offered through Seguros Bolívar including credit life insurance, property insurance, vehicle insurance, and health insurance
5. International Banking Services: Services for Colombians abroad including international transfers, USD savings accounts through Davivienda Panamá, and cross-border transactions

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Banco Davivienda is a Colombian universal bank that provides deposit accounts, consumer and commercial credit (including mortgage and vehicle financing), credit and debit cards, investment products (CDT, CDAT, collective investment funds), insurance, corporate cash management, trade finance, and government banking services. It also delivers digital financial services through its mobile application App Davivienda, the DaviPlata digital wallet, and the Bre-B instant payment system, distributed across Colombia and Central America.

Product overview

Banco Davivienda operates as a comprehensive financial services platform offering retail, commercial, and government banking across Colombia and Central America. The portfolio spans multiple product lines including deposit accounts (nómina, savings, pension, international, rentable, AFC, current accounts), credit products (housing loans via Leasing Habitacional and Crédito Hipotecario, vehicle financing, educational loans, and consumer credit including revolving and libre inversión), investment products (CDT term deposits and collective investment funds), insurance (credit life, life and health, vehicle and property), and payment services (credit/debit cards on Mastercard, instant payments via Bre-B and PSE). Digital channels include the App Davivienda mobile platform and DaviPlata mobile wallet. The group includes subsidiaries Fiduciaria Davivienda, Davivienda Corredores, and Corporación Financiera Davivienda, with regional operations in Panama, Costa Rica, Honduras, El Salvador, and Miami following the integration of Scotiabank's Central American operations. RappiPay represents a digital banking joint venture with Rappi for embedded finance.

Differentiator

Problem solved

Functional benefit

Brands

• DaviPlata: Digital wallet and mobile payment platform enabling instant transfers and payments
• Bre-B
• Davipuntos
• DAVIarena
• Mi Casa
• Hotel Mundial
• DAVIbank
• RappiPay

Products and services

• Cuenta Nómina Salary savings account for individual employees, offering $0 monthly management fee, instant card activation via the App Davivienda, and salary advance capability through an integrated revolving credit line.
• Cuenta de Ahorros General retail savings account available in three subscription tiers (G-Zero $0, Plus, Premier) with increasing monthly management fees and benefits, opened via the App Davivienda.
• Cuenta Pensión Dedicated pensioner savings account with $0 management fee, 100% digital access, a 0.10% E.A. balance yield, and pension advance capability.
• Cuenta Internacional USD savings account operated through Davivienda Panamá, providing international savings diversification and free inter-account transfers between Colombia and Panama.
• Cuenta Rentable Interest-bearing savings account that pays tiered E.A. rates (up to 3.50%) based on average balance, with monthly interest payments and six fee-free months before a management charge applies.
• Cuenta AFC Tax-advantaged housing savings account with $0 management fee designed to fund mortgage payments via automatic debit.
• Cuenta Corriente sin Sobregiro Current account without overdraft capability, $0 minimum opening balance, and optional debit card or checkbook.
• Leasing Habitacional Housing financing product under a leasing structure where the bank retains ownership of the property until the final installment; finances up to 80% of property value with 5-30 year terms.
• Crédito Hipotecario Traditional mortgage financing for property purchase, financing up to 70% for non-VIS housing and up to 80% for VIS housing, with annual effective rates starting at 9% E.A.
• Crédito de Vehículo Vehicle financing product for personal, productive, and commercial use, including passenger taxis and cargo vehicles, with mandatory insurance coverage.
• Crédito Educativo Education loan financing up to 100% of tuition for undergraduate and graduate studies at accredited institutions.
• Crédito Libre Inversión Unsecured personal loans for any purpose, available in fixed or revolving structures, including payroll-deduction and guarantee-backed variants.
• Crédito Rotativo Revolving credit line providing reusable borrowing capacity that replenishes as payments are made, accessible through the App Davivienda up to $44 million COP.
• Compra de Cartera Debt consolidation service enabling customers to transfer existing loans and credit card balances from other banks to Davivienda for improved interest rates.
• CDT (Certificado de Depósito a Término) Term deposit product (CDT Digital) offering guaranteed fixed interest rates from 8.70% to 11.00% E.A. depending on term length (30 to 540 days), with a minimum investment of $500,000 COP.
• Fondos de Inversión Colectiva Collective investment funds professionally managed across low, moderate, and high risk profiles, providing diversification across global assets, administered by Fiduciaria Davivienda.
• Tarjetas de Crédito Credit cards on the Mastercard network issued across multiple tiers, including student and secured variants, providing revolving credit and rewards.
• Tarjetas Débito Mastercard-network debit cards tied to savings and current accounts, providing worldwide acceptance and integration with Apple Pay, Google Pay, and the App Davivienda.
• Bre-B (Llaves) Colombia's immediate payment system enabling instant transfers between accounts at any financial institution using personal identifiers (phone number, email, document ID) instead of bank account numbers.
• App Davivienda Mobile banking application providing 24/7 access to all of Davivienda's banking products including account management, transfers, credit applications, card controls, and Bre-B instant payment functionality.
• DaviPlata Mobile wallet subsidiary of Banco Davivienda enabling instant transfers, payments, and basic financial services through mobile phones with nationwide reach in Colombia.
• Banca pyme Banking services dedicated to small and medium businesses, including business accounts, credit facilities, payroll management, collection services, and merchant acquiring services.
• Banca empresarial Banking services for large corporates including cash management, trade finance (import/export), working capital financing, corporate credit cards, and international banking via SWIFT.
• Banca agropecuaria Agricultural banking services providing specialized credit for farming, livestock, and rural development, including Finagro rediscount lines for the agricultural sector.
• Banca gobierno Banking services dedicated to government and public sector entities, including official accounts, tax and PSE payment collection, and public-servant payroll management.
• Portafolio de Servicios Banca Personal Bundled personal banking package combining a credit card, revolving credit line, and consolidated account under a single monthly management fee of $66,800 COP after six free months, with redistributable credit limits.

Quantifiable outcome

• 88% of Colombian banking sector profits concentrated among seven of 30 banks, with Davivienda as second largest profit generator at $706.995 billion COP through April 2026
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability2 records

Feature3 records

Partnerships

Five partnerships are on record, tiered minor, core and flagship.

• Leo (Advertising Agency)minorGTM or Marketing Partner · 22 June 2026Leo advertising agency partnered with Davivienda to create the 'Hotel Mundial' campaign consisting of approximately 15 commercials designed to accompany the football season and World Cup 2026.
• Gobierno de SantanderminorOthers · 16 June 2026Davivienda is evaluating naming rights opportunities for the Arena Bonita multipurpose venue in Bucaramanga, a $118.965 million peso investment project by the Gobierno de Santander.
• MastercardcoreTechnology or Integration · 24 March 2026Davivienda participated in Mastercard's Agent Pay pilot for AI-powered payments across Latin America and Caribbean, enabling AI agents to securely initiate and execute transactions using existing payment infrastructure. The program demonstrated operational viability of agentic payments at scale.
• ScotiabankflagshipStrategic or Co-development Partner · 24 November 2025Scotiabank transferred its banking operations in Colombia, Costa Rica, and Panama to Davivienda Group following regulatory approval. In exchange, Scotiabank received approximately 20% ownership stake in the newly formed Davivienda Group holding company. The transaction, announced January 6, 2025, enhances Davivienda's operational scale and regional presence while streamlining Scotiabank's international portfolio.
• Rappi (RappiPay Joint Venture)coreStrategic or Co-development Partner · 1 January 2022RappiPay, the joint venture between Rappi and Banco Davivienda, received regulatory approval in 2022 to operate as a digital bank. This partnership integrates financial services into Rappi's delivery ecosystem, combining Davivienda's banking infrastructure with Rappi's technology platform and customer base.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• RappiPay: Digital bank JV between Rappi and Banco Davivienda itself, but also an emerging competitor in Colombia's digital banking space. Represents both the embedded-finance growth lever and the fintech disruption risk to Davivienda's traditional retail franchise.

Regional players

• Banco Agrario de Colombia: State-owned Colombian bank focused on agricultural and rural lending, directly overlapping with Davivienda's Banca Agropecuaria vertical. Strong rural distribution creates head-to-head competition in agricultural financing.
• Banco Pichincha: Ecuadorian bank with significant Colombian presence through Banco Pichincha Colombia. Comparable full-service retail and SME model, providing a regional Andean peer benchmark for cross-border expansion strategy.
• Banco Popular Dominicano: Dominican Republic's principal commercial bank with strong retail and SME franchise in a neighboring Caribbean/Central American geography. Comparable in offering breadth and emerging-market banking dynamics to Davivienda's Central American operations.

Direct peers

• Bancolombia: Colombia's largest bank and Davivienda's primary domestic competitor across retail, SME, and corporate banking. Listed on both BVC and NYSE with a similar full-service product platform including deposits, mortgages, credit cards, and insurance.
• BBVA Colombia: Subsidiary of Spanish banking group BBVA offering retail, corporate, and SME banking across Colombia. Competes directly with Davivienda in payroll accounts, mortgages, credit cards, and digital banking.
• Banco de Bogotá: Top-three Colombian commercial bank part of Grupo Aval, directly competing with Davivienda in retail deposits, corporate banking, mortgages, and SME lending. Comparable scale and product breadth with similar Central American expansion ambitions.
• Banco GNB Sudameris: Colombian commercial bank that overtook Davivienda for #2 profitability in 2025 with COP 1.85 trillion in profits. Competes in retail deposits, corporate banking, and investment products across the same Colombian customer base.

Broad incumbents

• Banco de Crédito del Perú (BCP): Peru's largest commercial bank with similar full-service retail, SME, and corporate offerings across Andean LatAm. Useful benchmark for the regional scale and digital transformation trajectory Davivienda is pursuing across Central America.
• Scotiabank: Canadian banking group that transferred its Colombia, Costa Rica, and Panama operations to Davivienda in exchange for a 20% ownership stake. Former direct competitor, now a strategic shareholder, providing ongoing comparison across retail, SME, and commercial banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/davivienda
• YouTubeyoutube.com/user/bancodavivienda
• Facebookfacebook.com/BancoDavivienda
• Instagraminstagram.com/davivienda/?igsh=cHZhbGlycW1ucXJt
• TikToktiktok.com/@daviviendaoficial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries14 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco Davivienda