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Private company

Banco de Occidente

Logo: Banco de Occidente, Public domain, via Wikimedia Commons4

Colombian bank based in Cali, founded in 19651

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).2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1965Founded1
  • Industryeconomics of banking, financial services1
  • HeadquartersCali1
  • Websitewww.bancodeoccidente.com.co
  • Legal formS.A.1
  • LEI54930072MY36044H8N633
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressCarrera 4 No 7-61, 760044 Santiago De Cali, Colombia3
  • Registered withSingle Business Register, 890300279-43

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Jose Serrano modificado Cali edificio Banco de Occidente
Photo: José Serrano, CC BY 2.0, via Wikimedia Commons6

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).2

Corporate structure

Banco de Occidente is part of a group headed by Grupo Aval. 8 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Grupo Aval Bogota, Colombia
    • Banco de Occidente Santiago De Cali, Colombia
      • FIDUCIARIA DE OCCIDENTE S.A. Subsidiary · Bogota, Colombia
    • AV Villas Bank Subsidiary · Caldas
    • BAC Credomatic Subsidiary · San José
    • AVAL CASA DE BOLSA S.A. SOCIEDAD COMISIONISTA DE BOLSA Subsidiary · Bogota, Colombia
    • Banco De Bogota (Panama), S.A. (BANCO DE BOGOTÁ (PANAMÁ), S.A.) Subsidiary · Panama, Panama
    • Grupo Aval Limited Subsidiary · Panama City, Panama

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

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.

From Wikipedia’s article on Banco de Occidente Credencial, shared under CC BY-SA 4.0.5

Products and brands

  • financial services

Listed on Wikidata.1

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Apr 25, 2013Parent Directly consolidated by Grupo Aval3
  2. 1965Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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