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THIRD QUARTER 2021 RESULTS / 3Q21 Banco Davivienda S.A. BVC : PFDAVVNDA , BCS : DAVIVIENCL Third Quarter Results 2021 / 3Q21 Bogotá , Colombia . December 2nd , 2021 – Banco Davivienda S.A. ( BVC : PFDAVVNDA , BCS : DAVIVIENCL ) announces its 2021 Third Quarter consolidated results . Financial statements have been prepared according to the International Financial Reporting Standards ( IFRS ) in Colombian Pesos ( COP ) . HIGHLIGHTS I DAVIVIENDA ■ Net profits for the quarter totaled $ 395 billion while accumulated profits reached $ 928 billion , increasing by 135.5 % year - on - year , mainly due to lower financial and provision expenses and higher other operating income . The 12 - month Net Interest Margin including our hedging strategy for interest rate risk and FX movements closed at 6.28 % , decreasing 5 bps over 3Q20 . The 12 - month Cost of Risk closed at 3.22 % , decreasing by 54 bps compared to the previous quarter , as a result of better portfolio dynamics and improved macroeconomic outlook . The Total Capital Adequacy Ratio reached 18.46 % . The Common Equity Tier 1 ratio closed at 12.29 % Davivienda acquired Promociones y Cobranzas Beta SAS through Corporación Financiera Davivienda , in a reorganization process with Grupo Bolívar . DaviPlata reached 13.3 million customers , adding 2.1 million customers over the year . Davivienda was ratified as a member of the Dow Jones Sustainability Indices . In October , Moody's ratified Davivienda's rating at Baa3 with a stable outlook . Current Risk ratings : Fitch BB + / S & P BB + / Moody's Baa3 . All of them with a stable perspective . As of September 2021 , Davivienda operated in 6 countries , had 19.3 million customers , over 17 thousand employees , 679 branches and 2.7 thousand ATMs . 1 Banco Davivienda S.A.