BBVA Colombia SA, the Colombian unit of Spain’s Banco
Bilbao Vizcaya Argentaria (BBV), said its first-half net profit rose
18% to 203.5 billion Colombian pesos (US$103 million), the bank told the
securities regulator Wednesday.
The bank had reported a net profit of COP172 billion in the same period last year.
The bank didn’t explain the increase in profit.
Separately, the board of BBVA Colombia approved a sale of COP100
billion worth of mortgage loans to the Colombian mortgage
securitization company Titularizadora Colombiana, the company said.
BBVA Colombia shares remain thinly traded, having last exchanged hands at COP152 on June 3. (Dow Jones)