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Banco de Bogotá

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Logo

Main Subsidiaries Associated Grupo Aval Banco de Bogotá Banco de Occidente Banco Popular Otros Total 100.0% 100.0% 20.0% 46.9% 24.2% 100.0% 8.2% 33.3% 4.0% 5.0% 49.5% 100.0%

Central American Banking Group Pension Fund Merchant Bank

8.9% 99.6%

Panamenian Bank

99.6% 47.3% 52.7% Colombian operation Central American operation

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Business Overview

45.4% 54.6%

Regional Franchise Breakdown by Geography (7)

Assets

Colombia(1) Centroamérica(2) Net Income Assets, Net Loans & Deposits

#2 #1 #3

ATMs 3,961(3) Branches 1,517(4) Total Distribution Network

#1

Assets, Loans and Deposits

Net Income

Banco de Bogotá’s Structure

Net Income

USD$121.0 million USD$58.0 billion

✓ Founded in 1870, Banco de Bogotá is Colombia’s oldest financial institution and the principal subsidiary of Grupo Aval, the leading financial group in Colombia. ✓ Universal bank with a strong presence in the commercial and consumer lending segments. ✓ Listed on the Colombian Stock Exchange (BVC), Banco de Bogotá’s market capitalization as of June 30, 2020 was USD $5.3 Bn.

Consolidated Ratios(8) ROAA: 0.9% ROAE: 7.5%

| Costa Rica

Ownership Grupo AvaI 68.7% Other Companies

• wned by Mr.

Sarmiento Angulo 8.3% Others 23.0% Total 100.0%

Sources: Company information. (1) Rankings as of June 30, 2020. Net income figures are non-consolidated. (2) Rankings as of June 30, 2020. Calculated based on data aggregated from the local bank superintendencies of Costa Rica, El Salvador, Guatemala, Honduras, Panama and Nicaragua. (3) Reflects aggregate number of ATMs of Banco de Bogotá, BAC Credomatic and Multi Financial Group as of June 30, 2020. (4) Reflects aggregate number of branches of Banco de Bogotá, Porvenir, Banco de Bogotá Panamá, Almaviva, Fiduciaria Bogotá, BAC and Multi Financial Group as of June 30, 2020. Banco de Bogotá and BAC Credomatic jointly account for 1,367 branches. (5) Banco de Bogotá owns BAC Credomatic and Multi Financial Group through Leasing Bogotá Panamá. (6) Banco de Bogotá controls Porvenir through shareholders agreements with Grupo Aval and Banco de Occidente. (7) As of June 30, 2020. Exchange Rate: $3,756.28; Net Income as of June 30, 2020. (8) Annualized ratios. (5) (6) (5)

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Milestones in Banco de Bogotá’s Evolution

1987 – Banco de Bogotá is acquired by Sarmiento Organization. 1870 – Banco de Bogotá starts

• perations on November 15 as a

financial institution. 1967 - 1980 – Opening of branches and Subsidiaries abroad (Panama, New York, Nassau and Miami). 1924-1928 - Merger with different regional Banks 1988 – 2003 - Development of an attention and differentiated service model. Important investment in technology, consolidating nationwide coverage and leadership position. 1992 – Acquisition and merger with Banco del Comercio 1992 - Establishment of Fidubogotá, Leasing Porvenir and Porvenir Pension Fund. 2009 - Merger of Grupo Aval’s stockbrokers: Casa de Bolsa. 2005 - Merger of Corficolombiana and Corfivalle. 2007 - Merger of Fidubogotá and Fiducomercio 2006 - Banco de Bogotá acquires and merges with Megabanco, strengthening the consumer loan segment. 2010

• Acquisition
• f

BAC Credomatic, Central American financial group, enhancing

• ur

international presence.

• Mandatory

Convertible Bonds issuance ($2.3 trillion pesos). 2013 - Acquisition of 100% of BBVA’s ownership in BBVA Panamá.

• Acquisition of 100% of BBVA’s ownership in BBVA Panamá.
• Issuance of Common Shares ($1.3 trillion pesos).
• International Bond Issuance: US$500 million Subordinated Notes.

2014 – BAC de Panamá (formerly BBVA Panamá) merges into BAC International Bank. 2015 – Grupo Financiero Reformador merges into Banco de Guatemala. 2016 – The Bank ceded control of Corficolombiana to Grupo Aval.

• Subordinated bond issuance on international markets of US$600

million, and issuance reopening of US$500 million 2017 - The Bank ceded control of Casa de Bolsa to Corficolombiana S.A.

• International Ordinary Bond Issuance (US600 million)
• Launch of Banco de Bogotá’s Digital LAB.

2018 - 2019 – Digital products’ launch: Savings Accounts, Credit Cards, Personal Loans, Payroll Loans and Housing Loans. 2020 – Acquisition of Multi Financial Group, owner of Panamanian Bank Multibank strengthening our market share.

• Additional Tier 1 Instrument issuance US$520 million by

BAC Credomatic with capital treatment in Panama and Colombia. 1870 – 1987 1988 - 2003 2004 - 2009 2010 - 2020

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Banco de Bogotá has important investments in subsidiaries in Colombia and abroad

Universal Bank with a wide portfolio of products and services. Presence all across Colombia. Agencies in Miami, New York and Panama. 1/ Central American Financial Group with banking and credit card operations in all Central American countries. Pension and Severance Fund Manager. Execution of Contracts on Mercantile Trust and Trust Funds General Warehouse, Custom Agent and Integral Logistics Operator. Technical and administrative services company. International license to carry out banking business. Entities authorized to carry out Banking Business and Investment Portfolio Management, focused on Banco de Bogotá’s corporate and institutional clients with a full range of services. Panamanian General Licensed entity. Authorized to carry out Banking Business, essentially in the local market. Electronic deposits and payments society (SEDPE), offers 100% digital payment solutions.

1/ For further information on Banco de Bogotá’s products and services, visit www.bancodebogota.com. (*) Includes direct and indirect ownership. Banco de Bogotá controls Porvenir through shareholders agreements with Grupo Aval and Banco de Occidente.

General Manager: Alfonso García General Manager: John Kennedy General Manager: José A. Santana General Manager: María F. Blanco

President: Alejandro Figueroa Jaramillo President: Miguel Largacha Martínez President: Buenaventura Osorio M. President: Ivan Rodríguez Carrizosa General Manager: Adriana Cuervo Barreto

100.0% 46.91%* 94.99% 94.93% 94.90% 100.0% 100.0% 100.0%

Sucursal Panamá

Miami Agency New York Agency

General Manager: José Alberto Santana

Panamá Nassau

President: Rodolfo Tabash Espinach

38.9%

General Manager: Claudia Patricia Méndez

Aval Soluciones Digitales S.A.

99.57%

President: Rodolfo Tabash Espinach

Multi Financial Group has more than 49 years of experience in the financial business. Its main subsidiary is Multibank with over 30 years of operations in Panama.

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Consolidated results confirm Banco de Bogotá’s financial strength

Total Assets

(US$ Billons)

Total Net Loans Deposits Net Income (6 months) Total Net Investments

Delinquency Ratio 1 Loan Coverage 2 ROAA 4 ROAE 5 Administrative Efficiency 3

Total Equity

Capital Adequacy 6

Main Ratios

(US$ Millions)

2Q-2020 Variation 2020 vs 2019 2Q-2019 2Q-2020 2Q-2019 Variation

2Q-2019 2Q-2020 4.3% 1.10x 2.0% 15.6% 49.1% 13.2% 3.9% 1.12x 0.9% 7.5% 53.1% 12.4%

Financial Highlights

Figures under IFRS 1 Delinquency Ratio: Past-due Loans over 30 days / Gross Loans. 2 Loan Coverage: Allowance / Past-due Loans over 30 days. 3 (January – June). Calculated as: Total other expenses / Net interest income from commissions and fees, net trading income, net income from other financial instruments mandatory at FVTPL and total other income. 4 ROAA for each period is calculated as: annualized Net Income / Average of total assets. 5 ROAE for each period is calculated as: annualized Net Income attributable to shareholders / Average attributable shareholders' equity. 6 Capital Adequacy is calculated under the Financial Superintendency of Colombia methodology. Note: Consolidated Figures as of June, 2020. Exchange Rate: $ 3,756.28

58.0 39.5 33.4% 38.3% 43.5 28.6 6.0 11.6% 5.4 37.7 29.0% 29.3 6.9 52.6% 4.5 322.8

• 24.2%

425.8

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Banco de Bogotá operates with clearly defined strategy and objectives in

• rder to generate value for all stakeholders

High penetration of the Colombian market, with market share around 12% in different metrics. Specialized service model by segments, offering a broad portfolio of products and services.. International presence in Central and North America through BAC, subsidiaries and agencies abroad. Excellence in human talent. Positioning as a provider of comprehensive financial services High efficiency levels in all processes. Agility in understanding and meeting customer needs by responding with integrated financial solutions, adjusted to each segment. Flexibility and technological agility Countries

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Clients

23.5 million

Employees

46,201

ATM’s

3,961

Branches

1,517(1)

Segments Consolidated Assets Important participation in Corporate Banking, moving forward in Personal Banking. Latest Products US$58.0

billion

Extensive coverage through digital, physical and electronic channels Leadership in foreign currency

• perations.

Important players in official banking segment. .

Note: Figures as of June 30, 2020. Exchange rate: $ 3,756.28 1) Reflects aggregate number of branches of Banco de Bogotá, Porvenir, Banco de Bogotá Panamá, Almaviva, Fiduciaria Bogotá, BAC and Multi Financial Group as of June 30, 2020. Banco de Bogotá and BAC Credomatic jointly account for 1,367 branches

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Corporate.

–

Large Companies.

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Personal.

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SME.

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Microfinance.

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Official.

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Digital products.

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Omnichannel strategy

–

Mortgage.

–

Banking Insurance.

–

Structured Finance Advisory.

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Integration with subsidiaries’ portfolios.

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We have relevant presence in the markets where we operate

Channel Network in Colombia 1 As of June, 2020 Channel Network in Central America 2 As of June, 2020

Branches: 760 ATMs: 2,183 BC*: 8,663

Figures as of June, 2020. Figures as of June, 2020.

Branches: 631 ATMs: 1,778 BC*: 9,889

Market Share in Central America 4 Market Share in Colombia 3 Our Channel Network

14.4% 12.2% 13.5% 35.1% Assets Net Loans Deposits Net Income 9.6% 10.5% 10.0% 16.2% Assets Net Loans Deposits Net Income

1. Includes: Traditional Branches, Branch Extensions, Premium Branches, Basic Branches, Clients-only Branches, Corporate and SME Service Centers, Specialized Housing Centers, Payroll Service Centers and Experience’s Room. 2. Includes: Branches, In-store Branches, On-site Business Tellers and Branches with Drive-through Service of BAC Credomatic and Multi Financial Group. 3. Source: Colombian Financial Superintendence. Net Income for the period (June 2020). 4. Source: Central American Superintendencies; estimations made by Banco de Bogotá based on consolidated financial statements. * BC are Banking Correspondents

Contact Information www.bancodebogota.com

Julio Rojas Sarmiento - Executive Vice-President & CFO investor.relations@bancodebogota.com.co Diego Rosas – Head of Corporate Development & FP&A | IRO drosas2@bancodebogota.com.co Santiago Toro – IR & Rating Agencies Manager storo2@bancodebogota.com.co