Banco Davivienda Panama
 | |
 Headquarters of the Bank | |
| Type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | August 2007 |
| Headquarters | , |
Number of locations | 14 (2025) |
Area served | Panama |
Key people | Joanna Crooks[1] (CEO) |
| Total assets | USD 5,4 billion (2025)[2] |
Number of employees | 868 (2025) |
| Parent | Davivienda |
| Website | www |
Banco Davivienda Panama is a medium-sized Panamanian bank and subsidiary of Colombian bank Davivienda. It initially focused on corporate banking, however since 2025 it has started working as a retail bank.
History
Davivienda expanded by acquiring Bancafé from the Colombian government for US$938 million. While the core of Bancafé's business was focused on the Colombian agricultural sector, the transaction included its established international operations—specifically its branches in Miami and its fully licensed banking operations in Panama since 1966.[3]
In 2023, the parent company established Holding Davivienda Internacional, based in Panama, to structurally unite and manage its Central American subsidiaries (Costa Rica, El Salvador, and Honduras).[4]
On January 6, 2025, Scotiabank and Davivienda announced a merger agreement through which Scotiabank would own 20% of Davivienda, and the latter would absorb Scotiabank Colpatria (Colombia), Scotiabank Panama, and Scotiabank Costa Rica. These operations would be subject to regulatory approvals throughout 2025.[5] During the integration, Davivienda would operate its subsidiary and Davibank in parallel.[6]
See also
References
- ↑ "Davivienda oficializó los nombres de las antiguas operaciones de Scotiabank en Centroamérica: hay nuevos líderes". Valora Analitik (in Spanish). 2025-12-05.
- ↑ "Banco Davivienda Honduras - Fitch Ratings". Fitch Ratings. 2025-08-26.
- ↑ "Banco Davivienda compra al estatal Bancafé". La Prensa (in Spanish). 2006-10-13.
- ↑ "La nueva holding de Davivienda en Centroamérica servirá para organizar sus filiales". La República (in Spanish). 2023-08-17.
- ↑ "Scotiabank enters into an agreement to transfer banking operations in Colombia, Costa Rica and Panama to Davivienda in exchange for an approximate 20% ownership stake in the combined banking operations". Retrieved 6 January 2025.
- ↑ Brenes, Luis Enrique (2025-12-03). "Scotiabank se transforma en Davibank: ¿qué significa este cambio para los clientes?". La Nación (in Spanish).