Earnings Release - Davivienda 3Q17
November 21, 2017 (Investorideas.com Newswire) Davivienda released its financial results for the third quarter of the year. Net income amount to COP 273 bn ( - 15.7 % QoQ and - 24.8 % YoY ) while ROAE stood at 14.3 % compared to 15.7 % during 2 Q17 . Furthermore , net loans reached COP 75.0 trillion (+ 0.7 % QoQ and + 9.3 % YoY) . In Colombia, loan portfolio grew 9.9 % YoY and foreign portfolio increased 6.6 % YoY (in COP). We highlight that asset quality stood at 2.9 % compared to 2.7 % in 2 Q17 and 2.1 % in 3Q16. Finally, efficiency was 47.3 %, increasing 18 bps QoQ while NIM stood at 6.4 %, increasing 8 bps QoQ and decreasing 36 bps YoY . **
Corredores Davivienda S.A. Comisionista de Bolsa is not responsible for investment decisions that may be derived from the information and analyses presented in this document. These decisions, their effects and consequences will be the sole responsibility of the investor. The information published is informative and has been taken from reliable sources, but Corredores Davivienda S.A. does not guarantee that they are free of errors. Total or partial reproduction of this document is not allowed without the prior and express authorization of Corredores Davivienda S.A.
In addition to the above, we inform that: i) Corredores Davivienda S.A. Comisionista de Bolsa is a subsidiary (related party) of Banco Davivienda Issuer; ii) Corredores Davivienda is one of the member companies of Grupo Empresarial Bolívar iii) Corredores Davivienda according to their policy and Investment Risk, could acquire or maintain for their own position financial assets or securities to which this report refers.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.