The Superintendencia Financiera de Colombia (SFC) hosted a supervisory college in Bogotá for Grupo Bolívar Financial Conglomerate, bringing together supervisors from Colombia, Panama, Costa Rica, El Salvador and Honduras to review the group’s main figures and risk profile across its insurance and banking businesses. In the 24 November session, the supervisors reviewed insurance-sector topics and the conglomerate’s key metrics. Group management presented its integrated risk management approach, covering strategic, concentration, contagion and emerging risks, including technological, economic, legal, social and environmental risks, alongside consolidated results, recent technology transformation and operational efficiency initiatives, and the group’s 2026 growth outlook. A second session on 25 November focused on the group’s banking data and regional presence through Banco Davivienda and its subsidiaries, and noted that Banco Davivienda and Scotiabank Colpatria are expected to continue operating independently, under Davivienda Group’s strategic direction, in line with the timetable associated with authorisations obtained across jurisdictions. The SFC holds supervisory colleges every two years for Colombian financial conglomerates with cross-border operations to support information exchange and supervisory cooperation, and has also run bilateral supervisory colleges with supervised entities since 2024 as part of its supervision modernisation efforts.

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