Strategically important to its parent Banco de Bogota; Good geographic and loan portfolio diversification in Central America; Specialized knowledge of credits cards business as originator and acquirer; and Good management team with a clear strategy. Conducting business in small size economies; Some devaluation risk in countries such as Costa Rica; and Adequate capital ratio given the region's sovereign risks. The stable outlook reflects our expectation that the bank will maintain its core status to Banco de Bogotá. Because of BIB's core status, the ratings will move in tandem with those on Banco de Bogotá. If BIB losses its core status, we could lower the ratings. We do not see the potential for an upgrade in the medium term. Standard&
