Banking sector earnings down by 34.6% in January 2021

In January 2021, the financial sector’s net income in Colombia dropped by 34.6% to $141 million (Co$ 523,906 million), revealed the Financial Superintendency of Colombia (SFC). Despite the general losses, the local banks with the highest profit were Banco de Bogotá ($ 55 million), followed by Bancolombia ($19 million) and Davivienda ($8.2 million). BBVA earned the highest among foreign banks ($16 million).

Source: La República