Best bank 2025: Davivienda
Over the review period, Davivienda has demonstrated its leadership and innovation in Colombia’s financial sector, making it Colombia’s best bank in 2025.
With a customer base nearing 25 million across Colombia and Central America, Davivienda has solidified its position as the country’s second-largest bank by loan portfolio and a pioneer in digital and sustainable finance.
The bank’s flagship digital wallet, DaviPlata, now serves 18.5 million users and leads the market in remittance services and digital transactions. In 2024 alone, DaviPlata processed payments grew by over a third year-on-year – while launching a redesigned interface and a virtual store to expand its Smart Cities ecosystem.
Davivienda’s commitment to sustainability during the review period is equally impressive. Its sustainable portfolio grew by 43.7% to Ps24.7 trillion ($6.1 billion), now representing a sixth of total loans.
The bank introduced Colombia’s first sustainability-linked loan and issued a $50 million biodiversity bond to support environmental conservation. Its agro-sustainable strategy and financial inclusion efforts have empowered over 290,000 rural Colombians and protected 15,000 small-scale farmers against climate risks.
Strategic milestones in 2024 included the acquisition of ePayco, a Ps720 billion capital raise, and the launch of a regional host-to-host service for business banking.
Finally, the bank saw 93% of its Colombian customers become digital users and, separately, it reached over a quarter of the country’s market share in housing finance to cap off a highly successful 2024.
Best investment bank 2025: BTG Pactual Colombia
With a team of 284 professionals and 11 dedicated investment bankers in Colombia, BTG Pactual continued its excellence, innovation and client-centric service, taking the Euromoney award for best investment bank in the country.
In a review period marked by macroeconomic challenges, BTG Pactual distinguished itself by executing six landmark transactions across diverse sectors, exceeding $1 billion in deal volume.
The firm’s standout advisory roles included the $578 million SPAC merger of Logistic Properties of the Americas, the $240 million sale of Biopas to Swixx BioPharma, and the $129 million sale of Rymel to Acon Investments. These transactions showcased BTG’s deep sectoral expertise and its ability to navigate complex cross-border deals.
BTG Pactual’s independent advisory model, local presence, and integrated global platform have made it the adviser of choice for both domestic and international clients.
Its consistent delivery of high-impact outcomes, including the successful restructuring and sale of Atica and the capitalisation of Banco Falabella, underscores its leadership in Colombia’s investment banking landscape.
The award recognises both a year of achievements, but also a legacy of leadership in shaping Colombia’s financial future.
Best digital bank 2025: Banco de Bogotá
Banco de Bogotá has redefined digital banking in Colombia through a transformation strategy that blends innovation, accessibility and customer-centric design. In 2024, the bank placed over 1.3 million digital products, with a total balance of Ps7.5 trillion ($1.9 billion), reflecting its leadership in digital adoption.
The bank’s digital ecosystem expanded significantly, with over 710,000 savings and investment products opened online and 402,000 asset products disbursed digitally. Innovations like the Tarjeta de Crédito ON with 5% cashback, buy-now-pay-later solution CeroPay, and the debt consolidation flow have enhanced user experience and financial flexibility.
Banco de Bogotá also empowered businesses through digital tools such as online promissory note management, APIs for financial integration, and AI-driven credit analysis. These advancements led to over Ps1.09 trillion in digital disbursements and a 178% increase in transaction value.
Security remains a cornerstone, with facial recognition reducing fraud by 99% and enabling seamless digital onboarding. Self-service links and a digital collections portal further streamlined operations and improved customer engagement.
With a digital-first approach that spans retail and corporate banking, Banco de Bogotá continues to lead Colombia’s digital banking evolution – delivering innovation, security and financial inclusion at scale.
Best bank for large corporates 2025: Citi
Citi served over 800 clients in Colombia, including top-tier local corporates and multinational subsidiaries, generating revenues of approximately $460 million, earning Euromoney’s award for the country’s best for large corporates.
Citi’s leadership spans key financial services. Holding over 17% market share in public bond issuances, its role as a trusted adviser was underscored by landmark transactions such as Colombia’s largest-ever international bond issuance ($3.64 billion) and Ecopetrol’s $1.85 billion bond, both oversubscribed and executed with precision.
Citi also led strategic financings for major corporates including Avianca, Grupo Sura, and Bancolombia, showcasing its strength in structured finance, liability management and capital markets. Its social finance initiatives, including $100 million in SME financing for Banco de Bogotá and Banco de Occidente, further reflect its commitment to inclusive growth.
By combining global expertise with deep local insight, Citi continues to deliver tailored, high-impact solutions to Colombia’s largest enterprises – solidifying its position as the go-to bank for complex, cross-border and transformational corporate transactions.
Best bank for ESG 2025: Banco de Bogotá
Banco de Bogotá has firmly established itself as Colombia’s ESG banking leader. In 2024, the bank’s green portfolio surged by 87%, reaching Ps4.7 trillion ($1.17 billion), with financing directed toward renewable energy, sustainable construction and women-led SMEs.
The bank issued a Ps500 billion sustainable bond, oversubscribed by more than 2x, to fund projects aligned with climate resilience and social equity. Its social financing reached Ps14.6 trillion, benefiting underserved communities and promoting inclusive economic growth.
Banco de Bogotá’s commitment to diversity and inclusion earned it recognition as the most inclusive company in Latin America. Women represent nearly 60% of its workforce, with strong representation in leadership and STEM roles. The bank also launched financial education programmes tailored to the deaf community and children in vulnerable municipalities, impacting over 260,000 individuals.
On the environmental front, Banco de Bogotá maintained carbon-neutral operations and has reduced total emissions by 44% since 2019. Its ESG reporting aligns with global standards including the Global Reporting Initiative, Sustainability Accounting Standards Board, and Task Force on Climate-related Financial Disclosures.
Through innovation, inclusion and sustainability, Banco de Bogotá exemplifies responsible banking and continues to lead Colombia’s transition toward a more equitable and sustainable future.
