The successful growth of BAC International Bank throughout central America and the Caribbean region led to the bank being spun off from parent Banco de Bogotá. Although the bank is no longer part of this group – it has its own listing in Panama – the primary shareholders remain Banco de Bogotá and Luis Carlos Sarmiento Angulo, chief executive of Grupo Aval.
BAC’s separation has helped the bank develop an individual identity, strategy and management team, which is led by president and chief executive Rodolfo Tabash.
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