Banco de Bogotá Secures $3.6T in Payroll Deposits from 1M+ Clients

Banco de Bogotá has attracted over $3.6 trillion (Colombian pesos) in payroll accounts from more than one million clients, signaling strong deposit growth and digital adoption. The bank is leveraging digital account opening, free transfers via Bre-B, and payroll advances to expand its retail base. This development underscores competitive dynamics in Colombia's banking sector and may influence market positioning.