Colombia

Best bank

Bancolombia

Best debt house

Deutsche Bank

There are two dominant banks in Colombia: Bancolombia and Banco de Bogotá. They are of similar size, with Bancolombia having slightly more in shareholders’ equity than its rival ($395 million to $336 million). They’re both highly profitable, with returns on equity in the low 20s.

But Banco de Bogotá is less of a known quantity than Bancolombia. It comprises three different banks, while Bancolombia is more consolidated. Bancolombia also generally receives greater praise from outsiders; it seems to be the local partner of choice.