Itau closed the sale of its Colombian personal banking business on 31 July 2026. About 267,000 customers moved to Banco de Bogota, part of Grupo Aval.
Rio Times · Colombia
Key Facts
—The deal closed Itaú has finished selling its personal banking business in Colombia. The transaction closed legally on 31 July 2026.
—The buyer Banco de Bogotá, part of Grupo Aval, Colombia’s largest financial group. Its Panamanian sister entity took the smaller cross-border book.
—How many customers About 267,000 personal banking clients across Colombia and Panama, the figure Itaú used in its own completion statement.
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