With more than 38,000 employees and over 6m customers, Grupo Éxito is the leading company in Colombia’s retail sector, and the largest in South America. It operates 470 stores directly, with a presence in 87 municipalities in Colombia. The company has been operating for more than a century and maintains a market share of 44%. In 2007 Casino Group of France acquired...
Grupo Aval is the largest and most profitable financial group in Colombia and Central America. It operates through four banks in Colombia: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas; one bank in Central America: Banco de América Central (BAC) Credomatic; a pension fund manager in Colombia (Porvenir) and a merchant bank in Colombia (...
Created in 1896, Empresa de Energía de Bogotá (EEB) is a utility holding with a presence in the segments of electricity generation, electricity distribution, gas transport and gas distribution in Colombia; gas distribution in Peru; and gas and electricity transmission in Colombia, Peru and Guatemala.
Ecopetrol is the largest company in Colombia. It plays a key role in the economy, in which oil is the main export product. With more than 60 years of operational experience, Ecopetrol is one of the 50 largest oil and gas companies in the world. It is ranked by Petroleum Intelligence Weekly as the 43rd largest oil company. Its controlling shareholder is the Colombian...
Economic growth, improving security and macroeconomic stability in the past decade have helped the Colombian banking sector expand. An expanding middle class in need of financial services has also seen banking penetration rise, while financial products such as credit cards and mortgages have shown double-digit growth rates during recent years.
Unlike other Latin American markets, Colombia’s banking sector is led by local financial groups. The three largest are Bancolombia, Grupo Aval and Davivienda, which control almost 64% of all loans (see overview).
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