Banco de Occidente

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  Banco de Occidente SA
logo
Country ColombiaColombia Colombia
Seat Carrera 4 No. 7-61 Piso 15, Cali
legal form Sociedad Anónima (Colombia)
ISIN COB23PA00067
BIC OCCICOBC
founding May 3, 1965 in Bogotá
Website www.bancodeoccidente.com
Business dataTemplate: Infobox credit institute / maintenance / data out of dateTemplate: Infobox credit institute / maintenance / year missing
Employee about 10,000
management
Board Efraín Otero Alvarez ( CEO )

The Banco de Occidente SA ( German  Bank of the West ) is a Colombian financial institution and, with its subsidiaries, is one of the largest banks in the country. It is part of the financial conglomerate Grupo Aval , Colombia's largest banking group, and is controlled by the country's second richest businessman, Luis Carlos Sarmiento . Sarmiento holds approximately 95 percent of the company's outstanding shares.

Corporate structure

The Banco de Occidente also includes the financial companies Fiduciaria de Occidente, Banco de Occidente (Panamá), Occidental Bank Barbados and Ventas y Servicios. Its seat is in Cali , in the west of the country, as the name translated "Bank of the West" suggests. The balance sheet total at the end of 2016 was $ 35.9 million.

Corporate development

Banco de Occidente began operating on May 3, 1965 . The first offices were opened in Cali , Palmira , Pereira and Armenia . In 1970 the bank had a network of 15 branches. In 1973, the bank began under the influence of Luis Carlos Sarmiento, who strengthened it with greater capital resources to position itself better nationally and internationally. At the end of 1976 the bank installed its own credit card system, Credencial . In 1980 the branch network was further developed so that regional offices could also be formed. By December of that year the bank had 80 offices, built up assets of 16,000 million pesos and equity of 1,875,000 million pesos.

In June 1982 June the bank opens its subsidiary Banco de Occidente (Panamá) . In June 1997 it inaugurated a new headquarters in the historic district of Cali, where the bank's general management is also concentrated, as well as the employees of the Southwest region, its subsidiaries and associated companies. On February 28, 2005 and October 2, 2006, administration and customer service were merged with Banco Aliadas and Banco Unión Colombiano .

Web links

Individual evidence

  1. ↑ Entry in the BIC directory at SWIFT
  2. ↑ Grupo Aval - Market Cap As of May 2016 . Forbes Magazine . Retrieved February 26, 2017.
  3. ↑ Colombian banking group Grupo Aval raises $ 1.26 billion at IPO Reuters , from September 23, 2014 (English)
  4. ↑ Banco de Occidente SA - Descripción . In: bnamericas.com. Retrieved May 7, 2018 (Spanish).
  5. ↑ Estados Financieros bancodeoccidente.com.co, accessed May 23, 2017 (Spanish)
  6. ↑ Historia bancodeoccidente.com.co, accessed on May 23, 2017 (Spanish)

Coordinates: 3 ° 27 '3.38 "  N , 76 ° 32' 7.49"  W.