International Presence. Since 1997, decision was made to have investments in the neighbor countries of Venezuela and Ecuador. In Venezuela through Seguros Comerciales Bolívar S.A. and Banco República filial de Davivienda (investments that were further sold), and in Ecuador through Colvida. Also, through Davivienda’s acquisition of Granbanco –known as Bancafé- in 2007 (reference will be made further below), the Group expanded its international presence to Panama and Miami through Bancafé’s affiliates in such countries.