Bancoomeva

What Bancoomeva does

Bancoomeva (legal name: BANCO COOMEVA S.A.) is a Colombian private cooperative bank headquartered in Cali, Valle del Cauca, and operating as part of the diversified Grupo Coomeva conglomerate. The bank serves three primary customer segments — Personas (individual consumers), Empresas (businesses), and Banca Cooperativa (cooperatives) — across a 59-branch national network supplemented by over 7,000 EFECTY correspondent banking points, a Supergiros partnership, and a proprietary network of multifunctional ATMs connected to Servibanca. Its core product portfolio spans deposit accounts (savings, current accounts, time deposits, programmed savings), credit products (housing, vehicle, motorcycle, personal, educational, libranza, and SME credit), Visa and Mastercard payment cards across four tiers, PILA social security payment processing with 80 dedicated advisors, insurance distribution through Banca Seguros, and money transfer services. The bank operates dedicated community portfolios for Coomeva members, women, dentists, doctors, seniors, and independent workers, with cooperative members receiving exclusive benefits including higher credit limits (up to $850M COP housing vs $500M standard).

The bank's technology stack centers on a core banking platform with omnichannel digital interfaces — Banca Móvil mobile app (iOS, Android, Huawei AppGallery), Oficina Virtual web banking for individuals and businesses, an AI-powered chatbot, and phone banking. Notable technical integrations include Bre-B (Colombia's national instant payment system by Banco de la República, live October 2025 with under-20-second transfers), PSE for online bill payments, international remittance corridors via Money Gram, Paysend, Revolut, and Western Union, and the SOI platform for PILA processing. The bank is regulated by the Superintendencia Financiera de Colombia, holds AMV securities market registration, operates under SARLAFT anti-money-laundering controls, and provides a Defensor del Consumidor Financiero ombudsman channel. Product launches in 2024-2026 — multifunctional ATMs, Bre-B integration, and a redesigned portal — indicate an ongoing digital transformation effort.

Bancoomeva's revenue model relies on interest income from credit products, deposit and card management fees, PILA transaction processing fees, card interchange revenue, insurance commissions, and term deposit (CDT) interest spreads. As of April 2026, the bank reported losses of $8,533 million COP, placing it among only four Colombian banks operating at a loss that month against an industry profit pool of $48.7 trillion COP, signaling meaningful profitability pressure despite its scale and channel breadth. The bank remains private, is not listed on any stock exchange, and operates as an integral part of the Coomeva cooperative financial ecosystem.

Name

Bancoomeva

Legal name

BANCO COOMEVA S.A.

Website

https://bancoomeva.com.co

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Bancoomeva is a Colombian cooperative bank affiliated with Grupo Coomeva, serving individuals, businesses, and cooperatives through 59 branches, 7,000+ EFECTY correspondent points, digital channels, and specialized portfolios covering savings, credit, payments, PILA processing, and insurance.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (522130), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro industry

PRIMARYFSABAAAA

Mass-Market Consumer Deposit Banking (Checking/Savings)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

SECONDARYFSABAEAF

Cooperative Banks (Member-Owned Commercial/Retail)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

• Cooperative banking services
• Savings accounts
• Consumer lending
• Credit cards
• Social security payments

Headquarters

HQ city

Cali

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Credit Products: Primary revenue from interest charged on credit products including home loans (up to 80-90% financing), vehicle loans, consumer credit, credit cards, and business lending. Fixed and variable rate products in UVR and pesos.
2. Account and Card Fees: Monthly administration fees on credit cards (tiered by card type: Classic, Gold, Platinum, Infinite), debit cards, and demand deposit accounts. Management fees for corporate credit facilities.
3. PILA Social Security Processing: Fee income from processing social security payments through PILA system for independent workers, pensioners, employers, and companies. 80 advisors and 59 offices nationwide support this service.
4. Card Interchange and Transaction Fees: Revenue from credit and debit card transactions including interchange fees from Visa and Mastercard franchises, POS transactions, and ATM withdrawals.
5. Insurance Products: Commission revenue from Banca Seguros offerings including life insurance (covering 100% of debt balance), unemployment insurance, and general insurance products bundled with credit products.
6. Time Deposit (CDT) Interest Spread: Interest rate spread earned on certificates of deposit (CDT) where Bancoomeva pays interest to depositors and lends at higher rates. Minimum deposit $300,000 COP with terms from 30 to 1800 days.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels7 records

Core offering

Bancoomeva is a Colombian cooperative bank that provides deposit accounts, consumer and business credit, credit and debit cards, social security payment processing (PILA), instant payments (Bre-B), international remittances, and insurance distribution. It operates across three segments (Personas, Empresas, Banca Cooperativa) through 59 branches, 7,000+ correspondent banking points, multifunction ATMs, and digital channels including Banca Móvil and Oficina Virtual.

Product overview

Bancoomeva is a Colombian cooperative bank offering a comprehensive portfolio of financial products and services organized across three primary segments: Personas (individual customers), Empresas (business customers), and Banca Cooperativa (cooperative banking). The core offerings span deposit accounts (savings, current, and term deposits), credit products (consumer loans, mortgages, vehicle financing, educational loans, and business lending), payment cards (VISA and Mastercard credit and debit cards across multiple tiers), digital banking channels (mobile app, virtual office, and chatbot), instant payment services (BRE-B), social security payment services (PILA), correspondent banking, and international remittance reception. The bank operates a network of branches, multifunction ATMs, and banking correspondents (EFECTY, Supergiros) nationwide. Bancoomeva's digital-first strategy is reflected in its fully digital product onboarding capabilities, mobile banking application, and integration with national payment infrastructure (PSE and Bre-B).

Differentiator

Problem solved

Functional benefit

Brands

• Banca Móvil: Mobile banking application for iOS and Android devices
• Bre-B
• Oficina Virtual
• Banca Xpress

Products and services

• Cuenta de Ahorro (Savings Account) Savings account offering interest-earning deposits with no minimum balance, supporting deposits, withdrawals, transfers, and bill payments through digital channels and branches for individual customers.
• Cuenta de Ahorro Súper Tasa High-yield savings account designed to maximize returns on deposits through a competitive interest rate structure for individual savers seeking above-market returns.
• CDT (Certificate of Term Deposit) Certificate of Term Deposit (CDT) offering fixed returns with flexible terms ranging from 30 to 1800 days and minimum opening balance of $300,000 COP for individual savers seeking fixed-income term investments.
• CDAT (Certificate of Deposit at Term) Certificate of Deposit at Term (CDAT) offering short-to-medium term fixed returns with lower minimum investment requirements compared to CDT for individual savers.
• Cuenta Corriente (Checking Account) Checking account for businesses and individuals requiring frequent transactions, deposits, and payments with immediate fund availability.
• Crédito de Vivienda Tradicional (Traditional Mortgage Loan) Traditional mortgage loan for purchasing new or used homes, or constructing on owned land, offering financing up to 80% for social interest housing (VIS) or 70% for traditional housing, with terms up to 180 months, available in UVR or fixed-peso modalities, for individual home buyers.
• Crédito Autofácil (Vehicle Financing Loan) Vehicle financing loan for purchasing new or used automobiles with up to 100% financing of commercial value (Fasecolda), maximum loan amount of 500 SMMLV, terms up to 84 months, fixed rates, and vehicle as collateral without requiring co-signer.
• Tarjeta de Crédito VISA Credit card backed by VISA franchise, available in Classic, Gold, Platinum, and Infinite tiers, enabling domestic and international purchases, cash advances, installments from 1 to 36 months, loyalty PINOS points, and VISA insurance and assistance services for individual cardholders.
• Tarjeta de Crédito Coomeva Mastercard Exclusive credit and debit Mastercard card for Coomeva cooperative members, combining credit limit and savings account access on a single card with Gold tier benefits including national and international acceptance, insurances, and assistances.
• Tarjeta Débito VISA Debit card linked to savings or current accounts, backed by VISA franchise, enabling domestic and international purchases, contactless payments, ATM withdrawals, balance inquiries, PINOS loyalty points, and international remittance reception.
• Bre-B Instant Payments Service Instant payment service integrated with Colombia's Bre-B national payment platform (created by Banco de la República), enabling real-time transfers between banks and digital wallets 24/7 using unique identifiers such as @coo+celular, email, ID number, alias, or QR code, with transfers completing in under 20 seconds.
• Pago PILA (Social Security Payment Service) Integrated Social Security Payment Plan (PILA) service for liquidating and paying health, pension, professional risk, and compensation fund contributions, available through 59 offices and over 7,000 EFECTY correspondent points with 80 specialized advisors for independent workers, pensioners, employers, and companies.
• Crédito Empresarial (Business Credit) Business credit products including ordinary portfolio, revolving credit, treasury credit, and development credit for enterprises with tailored terms and amounts based on business needs.
• Recaudos (Business Cash Management) Cash management and collection services for businesses including barcode collection, referenced collection, card acquiring (POS), and PSE button collection.
• Banca Seguros (Insurance Distribution) Insurance distribution service offering life insurance covering 100% of outstanding loan balance, unemployment insurance, and temporary disability coverage bundled with credit products for individual borrowers.
• Giros Nacionales e Internacionales (Remittances) National and international money transfer services enabling customers to send and receive remittances through correspondent networks including Western Union, MoneyGram, Paysend, and Revolut, with funds available in accounts within 30 minutes.

Quantifiable outcome

• Up to 80% financing for social interest housing and 70% for traditional housing
• +3 more outcomes

Segments9 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Bre-B (Banco de la República)coreTechnology or Integration · 14 July 2025Bre-B is Colombia's national instant payment system created by Banco de la República. Bancoomeva integrated Bre-B allowing customers to send and receive instant payments 24/7 using unique identifiers (@coo+celular, email, ID number, alias, or QR code). Transfers complete in under 20 seconds with full interoperability across all Colombian financial institutions.
• ServibancacoreTechnology or IntegrationATM network partnership connecting Bancoomeva customers to Servibanca's national ATM infrastructure for expanded cash access beyond proprietary ATM network.
• EFECTYcoreChannel Partner/ Reseller/ DistributorEFECTY correspondent banking partnership providing over 7,000 points nationwide for deposits, withdrawals, bill payments, and PILA social security collections. Bancoomeva's PILA agreement code is 110263.
• SupergirosminorChannel Partner/ Reseller/ DistributorCorrespondent banking partnership for bill payment services with transaction limits of min $10,000, max $1,000,000 per transaction.
• VisacoreTechnology or IntegrationCredit and debit card franchise partnership providing Visa-branded cards (Classic, Gold, Platinum, Infinite) with international acceptance, protections, and assistances. Includes contactless payment technology.
• MastercardcoreTechnology or IntegrationExclusive credit and debit card franchise for Coomeva members (Tarjeta Coomeva Mastercard Gold) with national and international acceptance, insurances, and assistances.
• Coomeva CooperativecoreStrategic or Co-development PartnerParent cooperative organization providing membership base, shared brand identity, and exclusive member benefits including higher credit limits ($850M vs $500M for housing loans) and Coomeva Mastercard products.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Banco Davivienda: Major Colombian commercial bank (Grupo Bolívar) competing across mortgage, consumer, SME, and digital (Daviplata) — directly comparable in product breadth and Colombian retail/corporate customer overlap.
• Banco de Bogotá: One of Colombia's largest commercial banks (part of Grupo Aval) with comprehensive retail, business, and digital banking — comparable as a direct competitor across deposit, credit, and card products in the same Colombian TAM.
• Bancolombia: Colombia's largest commercial bank by assets, full retail/corporate product suite plus digital (Bancolombia App, Nequi) — directly comparable product portfolio and Colombian customer base, scaled large.
• BBVA Colombia: Universal bank with strong Colombian retail and digital offering, competing in consumer credit, deposits, and cards — relevant incumbent peer with similar full-stack retail product mix.

Direct peers

• Banco Agrario de Colombia: Colombian state-chartered development bank with national branch footprint and correspondent banking presence — closely comparable as a mission-driven bank with extensive physical and partner distribution across Colombia.
• Banco Caja Social: Colombian cooperative/employee-owned bank (Fundación Social) serving individuals, businesses, and cooperatives with retail and consumer products — directly comparable in mission, member-owned DNA, and product set to Bancoomeva.

Emerging players

• Nequi: Bancolombia-owned digital wallet/neobank rapidly capturing Colombian retail and unbanked mass-market share — emerging competitor directly attacking Bancoomeva's deposit and consumer credit base with a low-cost digital model.
• Daviplata: Davivienda's digital wallet with strong presence among lower-income Colombians for payments, transfers, and microcredit — comparable as an emerging digital-first alternative targeting Bancoomeva's cooperative member segments.
• Nubank Colombia: Brazilian-born neobank operating in Colombia with no-fee credit cards, personal loans, and deposits — emerging competitor applying digital-first economics that pressure traditional branch-and-advisor models like Bancoomeva.

Others

• Cooperativa Coomeva (parent): Parent cooperative group providing the membership base, brand, and Fiducoomeva pension-fund linkage behind Bancoomeva — relevant as the member ecosystem and capital/back-office affiliation that defines the bank's strategic positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AtentosEnLinea
• YouTubeyoutube.com/user/GrupoCoomeva
• Facebookfacebook.com/Bancoomeva-101465385998557
• LinkedInlinkedin.com/company/cajero-bancoomeva
• Instagraminstagram.com/grupo_coomeva/?hl=es-la

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Bancoomeva