The Bank of Bogotá reported this Wednesday -January 22- that thanks to its good performance in the real estate market and the stability it has as an institution in the market, it was recently awarded by one of the most important firms in the sector, especially for its innovation and commitment.
According to what they said in a statement, the English magazine Euromoney gave them the award for Best Bank in Real Estate in Colombia thanks to its innovative approach and its commitment to sustainability in housing financing.
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“The publication highlighted the Bank’s 100% digital approval flow with which, between 2023 and 2024, it has granted more than 20,100 approvals for housing loans and family housing leasing for $1.88 trillion, as well as disbursements of more than 7,176 loans. for $555,343 million,” they reported.
Taking advantage of this recognition, Banco de Bogotá highlighted that one of its fundamental pillars in the evolution of the Bank’s housing products has been the integration of cutting-edge technologies to optimize the customer experience and they were pleased that These efforts are taken into account by analysts of a challenging market.
Bank of Bogotá
“Tools such as the Amplified Product for Proptech Allies, through the integration of APIs with allies such as Metrocuadrado, have streamlined the credit application and approval process, offering quick and efficient responses, without the need for clients to leave the platforms” , they added.
Value offer
This institution also reported that, in terms of sustainability, Euromoney highlighted the value offer aimed at encouraging the construction and sale of properties with sustainable standards, through a portfolio of services that offers benefits such as competitive interest rates, cashback on EDGE Advanced certified projects (projects that reach at least 40% energy saving.
“This in addition to a 20% reduction in the cost of water and materials) and strategic alliances with key players in the sector,” they noted.
Regarding the recognitions, César Prado, president of Banco de Bogotá, recalled that to date they have financed projects certified with the EDGE seal, representing an investment of $1.5 billion, that will result in the construction of more than 9,500 sustainable homes throughout the country.
Sustainability
“The real estate sector drives the country’s economy, generates employment and contributes to social development. For this reason, at Banco de Bogotá we have consolidated an ecosystem of products and services with which we seek to contribute to the strengthening of this sector, integrating innovative and sustainable practices, generating a positive impact on Colombian families and society,” stated Prado.
Likewise, he said that the financial institution remains a leader in the market, thanks to the fact that the portfolio totals $10.5 billion as of December and its participation is 9.5%, with a significant presence, while the portfolio dedicated only to housing has registered a positive trend, with 22% growth in the last year and an increase of $1,758 million in the total figure.
“In this way, Banco de Bogotá advances in the development of a robust portfolio that promotes the country’s real estate sector, taking into account the importance it has in the country’s economy, also influencing aspects such as social life,” they concluded.
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Euromoney, one of the most recognized brands in the banking and financial sector, stands out for offering exclusive information on the institutions and leaders that drive global markets. Its surveys and awards, based on exhaustive research, are key references in the financial industry.
Due to the above, banks around the world They rely on Euromoney analytics to measure their performance against their competitors and highlight their excellence to their customers.
