 | This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Banco de Occidente Credencial" – news · newspapers · books · scholar · JSTOR (April 2013) (Learn how and when to remove this message) |
 | |
 Headquarters in Cali. | |
| Company type | Sociedad Anónima |
|---|---|
| Traded as | BVC: OCCIDENTE |
| Industry | Financial services |
| Founded | 1965 |
| Headquarters | Cali, Colombia |
| Key people | Efrain Otero Alvarez, (Chairman) |
| Products | Banking |
| Revenue |  US$ 957.7 million (2012) |
| Net income | US$ 293.9 million (2012) |
| Total assets | US$ 14 852 million (2023) |
| Number of employees | 6,828 |
| Parent | Grupo Aval Acciones y Valores |
| Website | www.bancooccidente.com.co |
Banco de Occidente is one of the largest Colombian banks. It is part of the Grupo Aval conglomerate of financial services in Colombia, owned by the country tycoon of finances, Luis Carlos Sarmiento Angulo (Ranked 285 on the 2009 forbes list of world billionaires).
History
Banco de Occidente began operations as a commercial banking corporation, duly incorporated, on May 3, 1965, under the administration of the first manager, Mr. Alfonso Díaz. Its orientation and scope initially maintained a regional tone during the first years, a period during which the development of the banking sector was really slow.
The first offices outside Cali were opened in Palmira, Pereira and Armenia. In 1970, the Bank had a network of 15 offices, a net worth of approximately 74 million pesos and total assets of around 685 million.
References
- "Presentación Corporativa 2023" (PDF) (in Spanish). Retrieved 2024-10-20.
- "The World's Billionaires". Forbes.com. Archived from the original on 14 March 2009. Retrieved 2009-03-15.
External links
 IGBC companies of Colombia | |
|---|---|
  | This bank and insurance-related article is a stub. You can help Misplaced Pages by expanding it. |
 | This Colombia-related article is a stub. You can help Misplaced Pages by expanding it. |