Banco Davivienda S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Banco Davivienda S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was COP 2,216,341 million compared to COP 1,993,304 million a year ago. Net income was COP 650,723 million compared to COP 426,576 million a year ago. Basic earnings per share from continuing operations was COP 1,441 compared to COP 944 a year ago.
For the six months, net interest income was COP 4,287,028 million compared to COP 3,710,215 million a year ago. Net income was COP 1,156,082 million compared to COP 526,270 million a year ago. Basic earnings per share from continuing operations was COP 2,560 compared to COP 1,165 a year ago.
Banco Davivienda SA is a Colombia-based banking institution. The Bankâs products and services include savings and current accounts, consumer and commercial loans, credit and debit cards, mortgages, fixed-term deposits, portfolio management, foreign trade financing and a variety of insurance policies, as well as other banking operations to individuals and businesses. As of December 31, 2012, the Bank operated a network of 572 branch offices located nationwide and one in the United States. It also owned such subsidiaries as Fiduciaria Davivienda SA, Dadivalores SA, Bancafe Panama SA and Fiduciaria Cafetera SA, among others. In addition, Grupo Empresarial Bolivar was the Companyâs major shareholder.