Colombia

Colombia's banking system comprises 31 banks supervised by the Superintendencia Financiera de Colombia (SFC), which held COP1,137tn (about US$363bn) of assets in July 2026, around 79% of GDP. Banks account for 93.9% of credit-institution assets. Three domestic groups dominate: Grupo Cibest (Bancolombia), Grupo Aval (Banco de Bogotá, Banco de Occidente, Banco Popular and AV Villas) and Davivienda. The five largest banks — Bancolombia, Davivienda, Banco de Bogotá, BBVA Colombia and Banco de Occidente — held 74% of net loans in 2025, with Bancolombia alone at 27.6%.