...Support Rating: Banco BBVA Colombia S.A.'s (BBVA Colombia) IDRs, National and senior debt ratings reflect the support it would receive from its parent if 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; A¡/Stable) in Latin America. Sound Asset Quality: BBVA reports one of the best asset-quality metrics among its local and regional peers. Concentration by industry is very moderate, with all sectors accounting for less than 10% of the total loan portfolio. Currently, no economic sector is a source of concern for the bank. Amidst economic weakness, portfolio quality remained stable, non-performing loans (NPLs) increased slightly to 2.1% at March 2017 due to expected asset deterioration, but the ratio compares very well to that of similarly rated peers. Strong Risk Management: Despite its retail focus,...
