List of Banking and Financial Institutions of Colombia’s main banks in Colombia are: 1. Grupo Bancolombia (Fusion of Bancolombia, Conavi and Corfinsura) 2. BCSC (group formed by Banco Caja Social BCSC and Colmena BCSC) 3. Grupo Aval (Made up of the Banco AV Villas, Banco de Bogota, Banco de Occidente, Banco Popular y Porvenir) 4. BBVA (Fusion of Banco Bilbao Vizcaya (BBV) and Banco Argentaria (Corporation Bank of Spain) – BBVA is a Spanish bank. 5. Banco de la Republica de Colombia 6. Davivienda (Union of Banks and Bancafe Davivienda) 7. Banco Santander 8. Banco Agrario de Colombia Bacancarias All these entities are supervised by the Superintendencia Financiera de Colombia