...Support Rating: The bank's IDRs, national and senior debt ratings reflect the support it would receive from its parent should it be required. Given its profitability, growth potential, and integration with its parent in terms of franchise, business model and management, BBVA Colombia is considered a strategic subsidiary of its parent Banco Bilbao Viscaya Argentaria (BBVA; rated `A¡'/Stable Outlook) in Latin America. Adequate Capital Ratios: Sustained profitability and a moderate dividend policy support BBVA Colombia's stable capital ratios. The bank's capital is deemed adequate considering its solid asset quality, risk management and good profitability. However, the bank's current capitalization levels compare unfavorably with similarly rated international peers (universal commercial banks in a `bbb' operating environment), and is considered by Fitch as the main constraint on the bank's VR. Strong Risk Management: The bank's risk management structure is fully integrated with that of its...
