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SECOND QUARTER RESULTS 2021 / 2Q21 Banco Davivienda S.A. / PFDAVVNDA Second Quarter Results 2021 / 2Q21 Bogotá , Colombia . August 12th , 2021. – Banco Davivienda S.A. ( BVC : PFDAVVNDA ) announces its 2021 Second Quarter consolidated results . Financial statements have been prepared in accordance with International Financial Reporting Standards ( IFRS ) in Colombian Pesos ( COP ) . HIGHLIGHTS ■ ■ DAVIVIENDA ■ Net profits for the quarter totaled $ 432.3 billion , increasing over the quarter and the year , primarily due to a reduction in net provision expenses , higher loan interest and investment income , coupled with stability in operating income . As a result , accumulated profits reached $ 533.5 billion . The 12 - month Cost of Risk closed at 3.76 % , decreasing 35 bps relative to the figure reported last quarter , due to an improved outlook on macroeconomic variables in Colombia and Central America . The 12 - month Net Interest Margin stood at 6.08 % , decreasing 21 bps over the year , mainly due to of lower interest rates and lower investment income¹ . On the other hand , the annualized quarterly NIM reached 6.41 % , 83 bps higher than 1Q21 . The Total Capital Adequacy Ratio reached 18.64 % , 196 bps higher than the figure recorded in the previous , reflecting the issuance of a perpetual bond ( AT1 ) and higher profits . The Common Equity Tier 1 ratio closed at 12.04 % . On August 9th , the Financial Superintendence of Colombia authorized the incorporation of RappiPay Financing Company along with Rappi , in order to develop a digital - native bank in Colombia for the purpose of creating and offering agile and innovative solutions . During May and July , S & P and Fitch downgraded Davivienda's ratings to BB + from BBB- after respective Sovereign Downgrade . Both confirmed outlook stable . Current Risk ratings : Fitch BB + / S & P BB + / Moody's Baa3 . All of them with a stable perspective . DaviPlata , our digital - native bank , reached 12.7 million customers . Additionally , the balance of electronic deposits grew 1.7 times compared to the second quarter of 2020 reaching 563 billion . As of June 2021 , Davivienda operated in 6 countries , had over 18 million customers , more than 17 thousand employees , 652 branches and 2,686 ATMs . ¹Investment income does not include our hedging strategy results which are accounted for in Changes and Derivatives . 1 Banco Davivienda S.A.