...Strong Franchise: Banco de Bogota S.A. (Bogota) has consolidated as one of Colombia's top banks (market share of about 15% by assets) and a leading player in Central America (market share of about 9%). After acquiring BAC-Credomatic (BAC), Bogota has seamlessly integrated, and strategically strengthened, its new subsidiary. By the same token, it has diversified its revenues, better balanced its portfolio and acquired critical credit card and retail know-how. Sound Asset Quality: Bogota's conservative credit policies amid a stable economic environment in Colombia and relative stability in Central America resulted in very good asset quality (90-day past-due-loans [PDLs] stood at 1.4% at December 2014), which has remained fairly stable in the past few years and is complemented by sufficient loan loss reserves (LLRs; 1.9x its PDL portfolio). Consistent Performance: Bogota's performance metrics remain sound as operating revenues are now better diversified and show a positive trend, while operating...
