BAC Holding International Corp.
BAC Holding International Corp.*, incorporated under the Corporations Law of the Republic of Panama, has its administrative headquarters in Colombia and is dedicated to investment activities in Colombia and Panama, while also holding shares in other banking sector entities, including in BAC.
BAC is the leading Financial Group in Central America, with more than 4.9 million clients and a BAC community numbering 20,000+ people strong in the region. The group is committed to promoting more prosperous countries – economically, socially, and environmentally – and for this reason, it was the first financial group in the region to adhere to the United Nations Principles for Responsible Banking.
Thanks to its regional leadership in digital transformation, innovation, and as a customer-focused bank, BAC Credomatic has received more than 40 international awards and recognitions in recent years. Among them, Euromoney, Latin Finance, The Banker, and World Finance.
*Previously known as Leasing Bogotá S.A. Panama
Board of Directors
Rodolfo Tabash Espinach
Director and President - Appointed from September 15, 2021
Before taking the position of President and Chief Executive Officer, Rodolfo held multiple positions at BAC, including as Country Manager of BAC Panama, General Manager of BAC International Bank, and Chief Operating Officer for the entire Central American region, where he was in charge of implementing the Group’s strategic banking for all countries. He is Costa Rican and has an MBA from INCAE. He is currently a member of multiple boards of directors in the Financial Group.
Daniel Pérez Umaña
Director and Secretary - Appointed from September 15, 2021
Daniel holds a Master’s Degree in Law with an emphasis on Corporate and Financial Law from Harvard Law School and Master’s of Law with an emphasis in Comparative Financial Law and International Dispute Resolution from Oxford University. He has more than 15 years of experience in corporate and financial law. In 2011, he was recognized by Chambers Latin America as one of the leading financial law professionals in Costa Rica.
Fabio Guillermo Riaño Acero
Director and Treasurer - Appointed from March 25, 2022
Fabio is an economist and has a Master's in Business Administration (MBA) from the Universidad del Valle de Colombia; a certification in Financial Analysis from the Colombian Institute of Administration; and extensive experience in risk prevention and taxes. He has a solid track record in the financial and business sectors. In addition, he has worked as a university professor.
Alfonso Rodríguez Azuero
Director - Independent - Appointed from March 25, 2022
With more than 30 years of experience in the financial sector, Alfonso has held positions as vice president of finance, credit, and risk management, and more recently, as the General Representative of a financial institution in Panama. In addition, he sat on the Board of Directors for renowned companies throughout the region. He is an economist and graduate of the Universidad de los Andes in Colombia.
Ana Carolina Ureña Adames
Director - Independent - Appointed from March 25, 2022
Ana has experience advising companies in the areas of corporate law and reorganizations, tax, banking and financial law, estate planning, and the anti-money laundering prevention regime. She has a degree in Law and Political Science from the Universidad Católica Santa María La Antigua (USMA) in Panama; has a postgraduate degree in commercial law from the Universidad Latina de Panamá; and holds a master's degree in Business Legal Counsel with a specialization in Business Administration from the IE Law School, in Spain.
Legal Representatives
José Alberto Santana Martínez
General Manager
Daniel Pérez Umaña
Deputy General Manager
Mission and Values
"Net Positive" Strategy
BAC aspires to be the first Financial Group in the world to establish a business strategy as a Net Positive bank; this means that it will create more environmental and social value than the footprints it produces through its operation in six Central American countries.
At BAC, we are working to no longer be a bank that offers traditional financial solutions, but rather one that offers triple-positive-value financial solutions.
For the institution, generating triple-positive value means that we will work to maximize and share social and environmental value with all our stakeholders, adhering to the same excellence and rigor with which we work to maximize economic value.
Financial Statements
Select a year to see the information:
Financial Reports
Select a year to see the information:
- Informe Periódico de Fin de Ejercicio 2022 | Colombia
- Informe de Actualización Anual 2022 | Panamá
- Informe de Actualización Trimestral | Panamá (Diciembre)
- Informe de Actualización Trimestral | Panamá (Septiembre)
- Informe de Actualización Trimestral | Panamá (Junio)
- Informe de Actualización Trimestral | Panamá (Marzo)
Corporate Governance Code
The Board of Directors for BAC Holding International Corp. (hereinafter, the "Company"), in compliance with its duty to direct and outline general good governance policies for the Company, has compiled in this Good Governance Code certain normative, regulatory, and bylaw references, as well as certain internal policies and best practices that, in terms of good governance, must govern the Company’s development.
The purpose of this document is to serve as a complement to the legal and statutory provisions applicable to the Company and to the documents provided by the Company regarding Corporate Governance.
Internal Regulations for the Board of Directors
The purpose of this document is to serve as a complement to the Articles of Incorporation (“Agreement”) for BAC Holding International Corp. (the “Company”), in aspects related to the Company’s Board of Directors (“Board”) operations, in accordance with the provisions of said Agreement, in the Company’s corporate governance documents and for applicable legal provisions.
Code of Ethics and Conduct
Through the Code of Integrity and Ethics, these outline the general behavior guidelines that Directors, Managers, Employees, and Suppliers of BAC Holding and its subsidiaries must maintain and practice on a daily basis, so that their actions conform to corporate values.
Conflict of Interest Policy
This policy applies to employees, members of the corporate governance committee, and/or directors of the Board of Directors of BAC Holding International Corp. and its related entities, hereinafter BAC Holding, and to any operations carried out (via either their own resources or those from a third-party resource management activity), between: a) BAC Holding and its related entities; b) between BAC Holding, its related entities, and persons related to said entities; and c) between the administrators (the legal representative, the liquidator, the factor, the members of boards or boards of directors, and those who, in accordance with these statutes, exercise or hold those functions); and people with decision-making capacity in said entities.
Policy for the Prevention and Control of Money Laundering and the Financing of Terrorism
BAC Holding International Corp. (BHI) is subject to the provisions indicated in Part III, Title I, Chapter VII of the Basic Legal Circular (External Circular 029 - 2014), issued by the Financial Superintendence of Colombia (SFC), through which "instructions on the prevention and control of money laundering and the financing of terrorism are established for issuers not supervised by the SFC.
Corporate Anti-Bribery and Anti-Corruption Policy
The goal of this policy is to integrate elements of the internal control system to prevent and manage corruption events within BAC Holding International Corporation (BHI) and its related entities, by directing and promoting the principles and values propagated in relation to business ethics and policies, corporate entities, as well as to provide guidance to employees of BHI and its subsidiary entities regarding the application of guidelines defined in this policy.
Policy for Comprehensive Risk Management
BHI and its financial sector subsidiaries manage risk based on applicable regulations in each country where they operate, best practices, and their internal policies, thus promoting a culture of risk prevention with scope extending to all its entities.
BAC Corporate Ethical Line
BAC CORPORATE ETHICS LINE is available to employees, suppliers, contractors, shareholders, and other stakeholders. We want to promote transparency and a high ethical standards compliance, as well to prevent potential frauds, bad practices and irregular situations inside our organization and related entities.
If you are aware of events or potential situations related to fraud, bad practices, corruption, money laundering and any other irregular situation, please report your case through this platform.
BAC CORPORATE ETHICS LINE has been established under security parameters that guarantee the confidentiality of the information provided and protect the identity of the person.
Among the reports that can be made in this line are the inappropriate use and misappropriation of entity assets, deliberate acts against the values and principles of ethics and conduct, violation of norms, policies or procedures of the entity, unreliable financial information, improper actions of disclosure agreements or restricted information and other acts contrary to regulations until date.
Remember that this line is not the channel for receiving concerns or complaints.
Investors Assembly
Select a year to view information:
- Convocatoria Asamblea de Accionistas.
- Informe de Gestión de Junta Directiva y Presidente 2022.
- Estados Financieros Consolidados 2022 (en dólares).
- Estados Financieros Consolidados 2022 (en pesos colombianos).
- Estados Financieros Separados 2022 (en dólares).
- Estados Financieros Separados 2022 (en pesos colombianos).
- Proyecto de Distribución de Utilidades.
- Proyecto de reforma parcial al Pacto Social y al Reglamento Interno de la Junta General de Accionistas.
- Modelo de Poderes.
- Instrucciones de Pre-registro.
- Call to the General Shareholders' Meeting.
- Annual Report from the Board of Directors and the Charmain of BHI 2023.
- Consolidated Financial Statements 2023 (dollars).
- Consolidated Financial Statements 2023 (Colombian pesos).
- Individual Financial Statements 2023 (dollars).
- Individual Financial Statements 2023 (Colombian pesos).
- Profits Distribution Proposal.
- Partial Amendment project to the Company's Bylaws
- Prowy Form.
- Instructions for the pre- registration.
Shareholding Structure
SHAREHOLDING COMPOSITION, BAC HOLDING INTERNATIONAL CORP., AS OF JUNE 30, 2023
2024
Decisiones Junta General de Accionistas
21 de marzo 2024
Principales decisiones de la Junta General de Accionistas
20 de marzo 2024
Adopción de las Medidas del Capítulo VI, Título I, Parte III de la Circular Básica Jurídica de la SFC
14 de marzo 2024
Publicación convocatoria a la reunión ordinaria 2024 - Junta General de Accionistas de BHI
27 de febrero 2024
Principales decisiones de la Junta Directiva
22 de febrero 2024
2023
Convocatoria a la reunión ordinaria de la Junta General de accionistas
24 de febrero 2023
Publicación Aviso de Convocatoria a la Reunión Ordinaria de la Junta General de Accionistas
6 de marzo 2023
Adopción de medidas del capítulo VI, Título I, Parte III de la Circular Básica Jurídica de la SFC
8 de marzo 2023
Proyecto de Modificación Parcial al Pacto Social de BHI
16 de marzo 2023
Cambio en la Composición Accionaria de BAC Holding International Corp.
24 de marzo 2023
Principales Decisiones Junta General de Accionistas
29 de marzo 2023
Decisiones Junta General de Accionistas
30 de marzo 2023
Información Periodo Ex Dividendo Acción BHI
25 de abril 2023
Comités de Apoyo Junta Directiva
9 de mayo 2023
Informes de Fin de Ejercicio
9 de mayo 2023
Informe Periódico Trimestral IQ 2023
15 de mayo 2023
Decisiones Junta General de Accionistas
25 de mayo 2023
Inscripción Reforma al Pacto Social
31 de mayo 2023
2022
Changes in the shareholding composition of BHI
December 29, 2022
Changes in the shareholding composition of BHI as a result of the takeover bid carried out in Colombia
December 19, 2022
BAC Holding International Corp. reports the authorization issued by CIMA on one of its indirect subsidiaries
December 15, 2022
Activación de Acción de BHI - Aviso de OPA sobre Acción de BHI
November 21, 2022
Oferta pública de adquisición (“OPA”) en Colombia
19 de octubre 2022
Constitution of a new indirect subsidiary of BHI
October 24, 2022
Public acquisition offer (“OPA”) in Colombia
October 19, 2022
Publication of the IN-T Report related to the II quarter of 2022
August 30, 2022
Constitution of new BHI subsidiary
August 26, 2022
Complement to the information on voluntary liquidation of indirect subsidiary BAC Bank INC.
June 28, 2022
BAC Bank INC., indirect subsidiary of BHI, begins voluntary liquidation of banking license
June 27, 2022
Result of the takeover bid in Colombia
May 16, 2022
Annual Update Report
May 2, 2022
OPA authorization in Colombia
April 20, 2022
Public Acquisition Offer (“OPA”) in Colombia
March 30, 2022
Listing of BHI on the Colombian Stock Exchange
March 30, 2022
Perfecting Fusion by Absorption
March 29, 2022
Appointment of New Board of Directors
March 25, 2022
Merger by Absorption Agreement
March 23, 2022
Appointment of the Legal Representative of BAC Holding International Corp.
January 26, 2022
Reform of the Social Pact of BAC Holding International Corp.
January 25, 2022
News
BAC reimagina la banca y lanza la primera Tarjeta BIO de Centroamérica
En su camino para convertirse en el primer banco Neto Positivo y hacer banca con propósito, BAC cambiará el material de sus tarjetas actuales (plástico) por un material amigable con el medio ambiente
BAC se propone impulsar la movilidad sostenible y lanza Ruta Eléctrica Centroamericana
Consecuente con su estrategia para convertirse en un Banco Neto Positivo y hacer banca con propósito, BAC está instalando, en sucursales clave a lo largo de toda Centroamérica, 31 estaciones gratuitas de carga eléctrica semi-rápida
BAC presentó informe que alinea su negocio con objetivos de desarrollo sostenible de la ONU y líderes de la banca global
En esta primera entrega destaca la creación de valor positivo para las personas y el medio ambiente a partir de una clara estrategia climática y con particular foco en la inclusión y en la salud financiera.
