May 2026
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Largest Commercial Banking Public Companies in Colombia
Benchmark revenue and EBITDA valuation multiples for public comps like
Grupo Cibest, Grupo Aval, Banco de Bogotá, Davivienda and BBVA Colombia.
 | Grupo Cibest SA formerly BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Panama, El Salvador, the United States of America, Puerto Rico, Bermuda, and Guatemala. The Bank has the following segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking and All other segments. The majority of revenue is generated from the Banking Colombia segment. | $19 | +47% | $18B | $23B | 2.9x | - | ||
| Grupo Aval Acciones y Valores SA is a Colombian financial services company. Its segments include: Banking Services segment comprises Banking Services, fund management and trust businesses, storage companies and entities that manage low-value payment systems. Merchant Banking segment comprises Financial Sector (trust and brokerage), Gas and Energy Sector (includes natural gas and energy transportation and distribution businesses), Infrastructure Sector (includes road infrastructure projects, construction services, and operation and maintenance), Hotel Sector (includes hospitality services), Agribusiness Sector (includes palm oil, rubber and rice businesses). Pension and Severance Fund Management" segment comprise administrator of pension and severance funds; and Holding segment. | $0 | +48% | $5B | $24B | 4.8x | - | ||
| Banco De Bogota SA is a lending institution that provides financial services at different maturities which include loans, capital leases, commercial, consumer and mortgage lending, and microcredit. It has a portfolio of bonds and equity investments, including a stake in subsidiaries and other firms. It also operates on the currency and derivatives markets. The objectives of the group in terms of managing its capital focus on, complying with the capital requirements defined by the Colombian government for the Bank and its financial subsidiaries in Colombia and by foreign governments in countries where the Bank has financial subsidiaries and maintaining an adequate equity structure that allows the group to generate value for its shareholders. | $10 | +17% | $4B | $9B | 4.9x | - | ||
| Banco Davivienda SA is engaged in banking services. The company's operating segment includes Retail Banking, Business, ALM and International. It generates maximum Interest income from the Retail Banking segment. The company's products and services include savings and investment products, corporate money market accounts, and others. | $6 | -3% | $3B | $11B | 2.6x | - | ||
| Banco Bilbao Vizcaya Argentaria Colombia SA operates as a private banking institution. The company's main activities include providing loans to both public and private sector companies as well as individuals. It is also involved in international banking, privatizations, financial projects, and other general banking activities, as well as offering leasing services. The operating business segments are Commercial Banking, Enterprise and Institutional Banking, Corporate and Investment Banking, Asset and Liability Management, and Other Segments. The company operates in cities and towns throughout Colombia and it generates revenue through interest and service fees. | $0 | +7% | $948M | $2B | 1.5x | - | ||
| Banco de Occidente SA is a Colombia based banking firm. The company offers personal banking services, including current and savings accounts; debit and credit cards; revolving credit, and credit warrant, as well as business banking products and services. | $5 | +1% | $852M | $3B | 2.4x | - | ||
| Banco Popular SA (Bogota) provides various banking products and services to individuals, agencies, medium-sized businesses, and public sector companies in Colombia. It offers personal, business, and corporate banking services. | $0 | -27% | $265M | $6B | 1.8x | - | ||
| Banco Comercial AV Villas SA provides personal and commercial banking services in Colombia. It offers current accounts, AFC accounts, savings accounts, mobile accounts, and CDTs; debit and credit cards; and credit warrants, and student loans. | $1 | -6% | $120M | $337M | 1.2x | - | ||
| Median | $3 | +4% | $2B | $7B | 2.5x | - |
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