The presence of Colombian banks in central America has become stronger than ever thanks to a series of acquisitions and continued commitment to the region, in stark contrast to the gradual withdrawal of some international players.
Previous leader HSBC slipped to fourth place after selling its regional operations outside Panama to Colombia’s Banco Davivienda. The deal cleared the way for Banco de Bogotá’s BAC International to move into first place as the largest banking group in central America by Tier 1 capital.
