Davivienda reported that at the end of the third quarter of 2024, the net profit for the third quarter was $175,000 million and the accumulated net profit as of September 2024 closed at $396,000 million.reflecting better behavior in financial costs, higher income related to the foreign exchange and derivatives strategy, and a favorable trend in terms of income.
Read: Davivienda agrees with the IFC to issue a biodiversity bond
The financial institution said that 92% of its clients are considered digital. This participation is around 93% in Colombia and 72% for Central America.
DaviPlata reached 18.3 million clients, adding around 300 thousand in the quarter and 1.46 million in the year. The monthly average of low-amount deposits was $969,000 million in the third quarter and the platform’s income reached nearly $132,600 million in the accumulated amount of the year.
The sustainable portfolio reached $19.8 billion, growing 5.5% in the quarter and 23.8% compared to the previous year, representing 14.1% of the gross consolidated portfolio.
As of September 2024, Davivienda has a presence in 6 countries, more than 24.6 million clients, more than 17,000 employees, 661 offices and more than 2,800 ATMs.
Read: Davivienda buys ePayco payment gateway to strengthen offers for businesses
It must be remembered that In October, Davivienda acquired Epayco.com SAS to continue strengthening its value offer in the payments market and thus continue to be a great ally for the country’s businesses. In that same month he entered into an agreement with the IFC for the subscription of a Biodiversity Bond for an amount of US$50 million.
Javier Suárez Esparragoza, president of Davivienda.
Courtesy
In November, Davivienda made the contribution in kind of the shares it owned to date in its subsidiary
international investment Inversiones Financieras El Salvador SA for an approximate value of US$450 million to the
Holding Davivienda Internacional SA. With this transaction, Davivienda completed the process of transferring its operations in Central America to the Holding Davivienda Internacional SA
Read: Davivienda joins the Global Alliance for Innovation and Social Entrepreneurship
The gross portfolio in Colombia closed at $104 billion, increasing 0.7% during the quarter, mainly as a result of the growth of the commercial and housing portfolios.
Ordinary Basic Solvency is 11.75% (4.75 percentage points above the regulatory minimum), Total Solvency is 18.12% (6.62 percentage points above the regulatory minimum).
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