Davivienda absorbed Colombia's seventh-largest bank and still trails Bancolombia

Since 1 November 2026, DAVIbank, the bank formerly called Scotiabank Colpatria, has transferred the assets, liabilities and contracts of its Colombian business to Banco Davivienda. With Financial Superintendence figures for August, the sum leaves Davivienda with COP 199.1 trillion in assets, 17.7% of the country’s banks. It grows 24.5% in one step and is still second: Bancolombia has COP 295.9 trillion.

What happened and when

• 2 October 2026: the Financial Superintendence authorised the deal (Resolution 1505).
• 13 October: Davivienda signed the contract transferring the assets, liabilities and contracts of DAVIbank’s banking business.
• 31 October: DAVIbank’s shareholders approved changing its legal name to Lambda Bank S.A., with 99.88% of the shares.
• 1 November: the transfer took effect.

The assets transferred add up to more than COP 38.3 trillion, and the net value, assets minus liabilities, is estimated at about COP 2.18 trillion. Payment was not in cash: Davivienda gives DAVIbank about 22% of the shares of Holding Davivienda Internacional, the Panama company that groups its Central American operations. These facts come from Davivienda and Grupo Bolívar statements.

What Lambda Bank is

Lambda Bank S.A. is a legal name (razón social), not a brand. The legal name is the one in a company’s bylaws and registry; the brand is what customers see at the branch, on the card and in the app.

The business, meaning customers, loans, deposits and branches, moved to Davivienda. The old company kept a new name, stopped serving the public on 1 November and keeps its credit institution licence until the Financial Superintendence rules on the request to cancel it. None of the sources consulted mentions a liquidation.

The DaviBank brand lives on: Davivienda uses it for the network serving customers who come from DAVIbank. Those customers do not have to change products, passwords or apps, and can use branches and ATMs of both networks.

The ranking

Before the deal, DAVIbank was Colombia’s seventh-largest bank by assets, with COP 39.2 trillion, and Davivienda was already second, with COP 160.0 trillion. The sum does not change the rank: it narrows the gap with Bancolombia from COP 136 trillion to COP 97 trillion. Davivienda ends up at 67% of Bancolombia’s size.

Beyond assets

Amount and share of the 30 banks. Current pesos. Source: Financial Superintendence, CUIF (July) and monthly results report (August).

In loans the combined bank weighs a little more than in assets: almost one in five pesos lent by banks. The gap is still wide in profit: from January to August, Bancolombia earned COP 5.33 trillion and the two banks together COP 1.75 trillion.

DAVIbank’s recent history

DAVIbank posted losses from 2023 to 2025, smaller each year, and reached the integration with a profit: COP 121,710 million between January and August 2026.

Its assets went from COP 23.7 trillion in December 2016 to COP 41.2 trillion in December 2025. Over the same period, Davivienda went from COP 72.7 trillion to COP 153.4 trillion.

Why the press says 16%

Davivienda’s own figures speak of more than COP 194 trillion in assets and a share of about 16%. Those are pro forma figures with their own measurement. Ours is a simple sum of the two balance sheets reported to the Superintendence, compared only with the 30 banks. The gap may come from operations between the two banks that are eliminated when they merge, and from comparing against a wider universe, such as all credit institutions. This last point is our inference, not a Davivienda figure.

How to read the figures

• Assets, equity and profit are at August 2026, from the Financial Superintendence’s monthly results report. Loans and deposits are at July 2026, from CUIF open data, because the August report does not break them down by bank.
• Profit is cumulative from January to August.
• Names are as in the CUIF. Davibank is the former Scotiabank Colpatria.
• Amounts are in current pesos. 1 billón in Spanish = 1 trillion.

All information is public and refers to legal entities. This analysis is not investment advice. The dashboard is updated every month when the Financial Superintendence publishes the new cut-off; from November, Davivienda’s figures will already include DAVIbank’s business.