8 Management Report Second Half 2012

We undertake the commitment of including social responsibility in all our Actions. We take responsibility for our leadership role in every country we operate in; therefore, we incorporate our Corporate Social Responsibility in all our strategies and activities by promoting and consolidating an inclusive and sustainable banking.

Chapter 1 About the Bank  Management Report Second Half 2012 ABOUT THE BANK 11

1. About the Bank

4JODFJUTJODPSQPSBUJPOJO #BODPEF#PHPUgIBTCFFO Banco de Bogotá, a Regional Bank growing and become part of Colombians everyday life. With Vision its experience of 142 years of operation, the Bank is part of To be one of the leading Banks in Colombia and Central the and ranks second in the Colombian banking America growing as its customers, human team, system in terms of assets, which positions it as a major stake- shareholders and the country grow. NEW YORK IPMEFSJOUIFDPVOUSZBOEUIFOBUJPOBM»OBODJBMTFDUPS To be the benchmark in universal banking (best customer TFSWJDF FG»DJFODZ FYDFMMFOUJOOPWBUJPO JO$PMPNCJB UNITED STATES Mission, Vision and Corporate Values Corporate Values &G»DJFODZ¯#FDBVTFXFVTFSFTPVSDFTJOBOPQUJNVNBOE The mission, vision and corporate values are the guidelines intelligent manner. UIBUEF»OFUIFDPVSTFXFXJTIUPNBJOUBJOBOEQSPKFDUGPS 3FTQFDU¯#FDBVTFXFWBMVFPVSTFMWFTBTQFPQMFBOEBDDFQU the permanence and evolution of our organization. We thus each other’s integrity. determine our reason for being through a series of criteria $PNNJUNFOU¯#FDBVTFXFJEFOUJGZXJUIPVSCBOLBOEGFFM and premises that identify our organization in Colombia and we are an integral part of its success. the places we operate in. -FBEFSTIJQ¯#FDBVTFXFXPSLXJUIBOFOUIVTJBTUJDBUUJUVEF )POFTUZ¯#FDBVTFXFBDUJOBOFUIJDBMBOESFTQPOTJCMF manner generating trust in our customers. MIAMI 4FSWJDF¯#FDBVTFXFTFSWFBTBQSJODJQMFPGMJGF

Mission A leading bank in Colombia in the market of corporations, QFPQMFBOEUIFTPDJBM PG»DJBMTFDUPS A bank always at the forefront offering anticipated solutions to customers which allow them to live a satisfactory banking experience. “A leader bank that The best support for the growth and progress of its customers because it values them and is willing and available to advise them, provide them with an expedient, timely, kind and quality service. "CBOLUIBUBDIJFWFTMFBEFSTIJQUBSHFUTJOUFSNTPGFG»DJFODZ  GPSUIFCFOF»UPGJUT QSP»UBCJMJUZ ZJFMEBOEUIFWBMVFHFOFSBUJPOTIBSFIPMEFST customers, its human 11 Countries expect. 10.9 Million Clients A bank that has a team of talented employees who work with team, its shareholders 35,508 Employees JOHFOVJUZ EFWPUJPO FG»DJFODZ FYQFEJFODZ DPNNJUNFOU and loyalty, always aiming at achievement and motivated and its country”. 1,247 Branches by the pride of belonging to an institution that brings them 2,531 ATMs wellbeing and growth. $80.5 Trillion Assets By example and support, Banco de Bogotá endorses its $44.2 Trillion Net Loans commitment towards building and taking ownership of its $51.0 Trillion Deposits WBMVFT CSJOHJOHGPSUIHSPXUI DPFYJTUFODFBOECFOF»UTGPS $1.3 Trillion Net Profits the community. t'JHVSFTJO$PMPNCJBO1FTPT 12 Management Report Second Half 2012 ABOUT THE BANK 13

Corporate Governance Organizational Structure One of our main strengths is our Corporate Governan- This is how a series of international and national regulations ce structure, with staff oriented to the fulfillment of and standards² , have been enacted and are governed by the the corporate purpose, offering high standards in the Bank’s management bodies (Shareholders General Meeting, Banco de Bogotá quality and safety of services and activities structured Board of Directors, Auditing Committee, Credit Committee, General Management according to ethical principles and an excellent mana- Credit Risk Committee and Treasury, Asset and Liability Te- gement. Our Board of Directors decisions are aimed at chnical Committee (ALM), Asset and Liability Technical Com- managing risk resulting from the development of the mittee for Banco de Bogotá -Nassau and Agencies ShareholdersShareholders’ control system defined by internal and external me- Abroad, Support Committee, Liquidity Committee, Follow- GeneralGeneral Meetingg chanisms increasing structured and functional for the up Committees, Control Committees, Management Com- CConsumer Defender AudiAuditors Bank¹. mittees and Primary Groups Committees, among others). Board Off DirectorsD CreditCredit CCommitteeommittee General Secretariat AlbertoAlbelb rto PérezPéreé z V. CCreditredit Risk and Treasury Presssiiddent Committee AlejandroAlejjandrooF FiF guerg oa J. SSupportSupppport Committee CCommittittett eALe ALCO AAuditudit CCommitteeommittee Board of Directors ((AssetsAssets & LiabilitiesLiabilities Committee))

PRINCIPALS ALTERNATES Executive Vice-president LUIS CARLOS SARMIENTO GUTIÉRREZ GUILLERMO PERRY RUBIO Financial Vice-President Juan María Robledo Vice-President María Luisa Rojas Systems and Operations SERGIO URIBE ARBOLEDA JORGE IVÁN VILLEGAS MONTOYA Jaime Gamboa ALFONSO DE LA ESPRIELLA OSSÍO ANA MARÍA CUÉLLAR DE JARAMILLO Legal Management Vice-President Vice-President José Joaquín Díaz SME and Personal Government, CARLOS ARCESIO PAZ BAUTISTA SERGIO ARBOLEDA CASAS Vice-President Banking Institutional and Administrative Area JOSÉ FERNANDO ISAZA DELGADO ALVARO VELÁSQUEZ COCK Credit Risk Direction and Fernando Pineda Social Banking Luis Carlos Moreno Treasury Liliana de Plaza Carlos Nieto ADVISOR TO THE BOARD OF DIRECTORS Vice-President Credit Vice-President César Castellanos Corporate Banking Vice-president LUIS CARLOS SARMIENTO ANGULO General Comptroller Rafael Arango Credit Cards Gustavo Arturo Peláez Julián Sinisterra Vice-President STATUTORY AUDITORS International and Treasury Germán Salazar KPMG LTDA. Control and Compliance Unit Corporate Solutions Luis Bernardo Quevedo Leasing Unit Delegate: Managment Managment José L. Borda MARIA LIGIA CIFUENTES ZAPATA María C. Pabón 51¯5

FINANCIAL CONSUMER DEFENDER Management Control and Business Areas Support Areas OCTAVIO GUTIÉRREZ DIAZ Support Areas

1/ For further information on control mechanisms, refer to the Notes attached to the Financial Statements. 2/ Basel, COSO, COBIT,SOX,PCI,NTC 5254,MECI,SARC,SARLAFT,SARM,SARO,SARL, Circular Letter14 ,among others 14 Management Report Second Half 2012 ABOUT THE BANK 15

Banco de Bogotá and Affiliates Banco de Bogotá and Affiliates Direct and Indirect Share

Universal bank with a wide products and services COUNTRY Direct portfolio present throughout the national territory. AFFILIATES Alejandro Figueroa - President (COLOMBIA) Indirect Direct + Indirect

Central American Bank Holding

Ernesto Castegnaro- President Bank Transactions a Credit Cards Operations. Corp. Financiera Fiduciaria Casa de Bolsa Almaviva Porvenir Megalínea Colombiana Bogotá 22.79% 94.92% 35.28% 94.90% Financial Corporation having a broad portfolio of products 37.90% 94.99% specialized in Private and Investment Banking, Treasury José E. Melo - President and Equity Securities Investments

38.95% 11.63%  Pensions Fund and Severance Fund Managment 46.91% Miguel Largacha-President 61.74%

49.78% Execution of Contracts on Mercantile Trust and Trust Funds. FOREIGN AGENCIES 99.56% AFFILIATES ABROAD Cesar Prado Villegas- President 0.88%

Stock Brokerage Firm (securities trading intermediation and Management of securities funds). Daniel H. Gómez -President

Banco de Bogotá Ficentro Leasing Bogotá Banco Bogotá Finance Corp (Panama) (Panama) Panama General Warehouse, Customs Agent and () Integral Logistics Operator 49.78% 100% 100% Pedro Echeverría -President 100%

100% 100%

Technical and Administrative Services Company, Nubia Inés Sanabria- General Manager serving internal and external customers. B. A. C. Credomatic Inc. Banco Bogotá Nassau Ltd. (Bahamas) (Virgin Briths Islands) General and International License to carry out banking businnes. José A.Santana-President Mario F. Blanco -President

All shares are ordinary Banco de Bogotá Finance Corporation Institution Licensed to operate With its international expansion, Banco de Bogotá operates in Colombia, Panama, Bahamas, the Cayman Islands Luis C. Sarmiento Jr., Germán Salazar y John Kennedy -Representatives as a Financial Corporation BOE$FOUSBM"NFSJDB BMMPXJOHJUUPDPOTPMJEBUFBTPOFPGUIFTPVOEFTUDPOHMPNFSBUFTJOUIF»OBODJBMTFDUPS

Ficentro Financial Institution authorized to place but not to raise funds which is overseen by José A. Santana - Representative The Finance Ministry of Panama 16 Management Report Second Half 2012 ABOUT THE BANK 17

Principal Shareholders of the Bank Ethical Commitment December 31, 2012 Ethics and transparency are built through elements of the various internal regulations, manuals and standards QPSBUJOHHPPEQSBDUJDFTBOEUIFFYQFSJFODFPGPVSBG»MJBUF A continuación se presenta el listado de los principales organizational culture with which we foster principles, va- published in full and available to all employees at the BAC Credomatic on the subject. BDDJPOJTUBTEF#BODPEF#PHPUgBEJDJFNCSFEF lues and behaviors among employees, aiming at achieving Bank’s intranet. Principal Shareholders this ideal. 5IVT BTBSFTVMUPGB»STUBQQSPBDIUPPVSNPTUSFMFWBOU PRINCIPALES ACCIONISTAS Procedures that enable employees at all levels of the or- interest groups (Customers,Workers,Suppliers,Society, Accionista Número These initiatives are based on good governance and their ganization to have the knowledge, skills, attitudes and Goverment,Shareholders and Investors), Corporate Social Participación de Acciones QVSQPTFJTUPFOTVSFBOFG»DJFOUBOEQSPQFSNBOBHFNFOU values necessary for the exercise of their duties within an 3FTQPOTBCJMJUZXBTEF»OFEBTGPMMPXT Grupo Aval AccionesOther Companies   64.44% of the resources we administrate. effective internal control framework. Grupo Paz y Valores S.A.Sarmiento Angulo’s Others Bautista “The responsibility of Banco de Bogotá to Society Organization Consultoría de 27,619.454 9.63% These initiatives are implemented through: Both the Corporate Governance Code and the Code of stems from the recognition and interest for the impact Inversiones S.A. Ethics and Conduct are published in the Bank’s web page UIBU»OBODJBMPQFSBUJPOTBOETFSWJDFTIBWFPOQFPQMF´T 3FOEJ»O4" 11,439.891 3.99%  "NJTTJPO WJTJPO DPSQPSBUFWBMVFTBOEEF»OFETUSBUF- www.bancodebogota.com.co. lives and the environment. Therefore, we engage in 64.4% 9.6% 11.7% 14.3% Adminegocios & Cia. SCA.   3.15% gic objectives. managing our business responsibly through initiatives Harinera del Valle S.A. 5,774.959  that harness our knowledge, strengths, soundness and Iván Felipe Mejía Cabal 4,741.225 1.65%  The Ethics and Conduct Code gathers the values and prin- Our Corporate Social FYQFSJFODFGPSUIFCFOF»UPGUIFHSPVQTXFSFMBUFUP² Actiunidos S.A. 4,235.294 1.48% ciples guiding daily activities of the staff and employees. Responsibility Policy Otros accionistas con 39,152.436 13.65% The previous commitment translates into concrete actions menor participación Formal determination of senior management on We continue to make progress in the design of the corpo- that explain how we apply the concept to daily business Subtotal Acciones Ordinarias 286,836.113 100% the basic principles that govern the institution as rate responsibility strategy which we strengthen by incor- practice. These actions are tangible through four axes gui- Total Acciones en Circulación 286,836.113 100% set forth in the Corporate Governance Code and the ded by a commitment to our stakeholders as follows:

Objective of Dimension the Covered dimension Execution of the objective Concrete Actions undertaken by Social of the impact in the Bank’s day to day which are part of the CSR Responsibility on the stakeholders

Economic Continue In this way we promote a trusting 5SBOTQBSFODZBOEFUIJDTJOCVTJOFTT Dimension to grow, relationship with economic actors in society %JTUSJCVUJPOPGFDPOPNJDWBMVF UP generating and seek the preference and loyalty of our society, employees, suppliers and wealth in a customers, in favor of sustaining long-term shareholders) sustainable, business %FWFMPQNFOUPGDIBOOFMTBOEJOOPWBUJPO QSP»UBCMFBOE of products and services transparent $VTUPNFSQSPUFDUJPOBOETFSWJDF manner system %FWFMPQNFOUPGCVTJOFTTGPS»OBODJBM JODMVTJPO .JDSP»OBODF 4.&TBOE4PDJBM Banking)  'JOBODJBM&EVDBUJPO1SPHSBNTGPS customers (web page, virtual and attendance courses) %FWFMPQNFOUPG»OBODJBMQSPEVDUTXJUI an added value, credit cards, credit lines, among others (with an environmental and TPDJBMCFOF»U  18 Management Report Second Half 2012 ABOUT THE BANK 19

Objective of Aknowledgments Dimension the Covered dimension Execution of the objective Concrete Actions undertaken by Social of the impact in the Bank’s day to day which are part of the CSR As a result of the commitment of our employees and the trust of 8PSME#BOLT²SBOLJOH#BODPEF#PHPUgIPMET Responsibility on the our customers, we obtained significant acknowledgments and UIF»GUIQMBDFJOUIF-BUJO"NFSJDBOCBOLSBOLJOH OFYUUP stakeholders awards which drive us to continue to support the dreams and the largest 4 Brazilian banks. Social Within the framework of this axis, we #BOL´TDPOUSJCVUJPOUPUIFHPWFSONFOU projects of our customers in the countries we operate with finan- Dimension Contribute to promote the use of our technological and sector. Financial Education Program for sustainable operational platform to undertake activities extreme poverty population (attending cial services that foster their development and growth. "DDPSEJOHUPUIFKPVSOBM JO#BODPEF#PHPUgJODPSQP- development generating social wellbeing. courses partnering with SENA) rates to its outstanding results the important contribution and a better Furthermore, we promote art and culture 1IJMBOUSPQJDBDUJPOTBOEEPOBUJPOT The Banker: Banco de Bogotá, of the BAC Credomatic business, acquired in December quality of life through diverse programs and events having Banco de Bogotá Education Promotion in our country a recognized national and international (Corporación Banco de Bogotá para el “Bank of the Year 2012” 5IF#BOLFSVOEFSMJOFTUIBUJO#BODPEF#PHPUg reputation, facilitating access to general Fomento de la Educación) increased to $3.69 trillion dollars its Tier 1 Capital, which population. 0QFSBUJPOBMQMBUGPSNBOE#BOL *O %FDFNCFS   #BODP EF #PHPUg XBT DIPTFO CZ UIF represents a growth of 63.4% compared to the previous We support the strengthening of education infrastructure at the service of society British prestigious journal “The Banker” as the Bank of Year year and the greatest equity growth in the region. in every way and other humanitarian causes 5FMFUwO$PMPNCJB¯%JTBCJMJUZ1SPHSBN  through contributions to various NGOs and 4VQQPSUUPBSUBOEDVMUVSF  JO $PMPNCJB  5IJT KPVSOBM VOEFSTDPSFT UIF #BOL´T foundations. 4QPOTPSTIJQTGPSTPDJBMDBVTFT international strengthening thanks to its experience and *OUIF±5PQ8PSME#BOLT²HFOFSBMSBOLJOH #BODPEF Human Promote We thrive for the continuous improvement 7PMVOUFFSTGPSTPDJBMBOEFOWJSPONFOUBM soundness after having consolidated its presence in 11 #PHPUgXFOUGSPNSBOLJOUPQPTJUJPOJO*O Dimension personal and of the working place and the development actions countries at the closing of that year, as well as its leadership the “Top 25 Latin America”, it held the fifth place, going up from collective of our employees, through training and 1FSTPOBMBOEQSPGFTTJPOBMEFWFMPQNFOU development education programs, the implementation of employees in after the acquisition of BAC Credomatic. UIFUFOUISBOLPCUBJOFEJO of our of sound security and occupational %FWFMPQNFOUPGTVQQMJFSTPO$43  employees, health & safety practices, the right to free issues The Banker highlights that the outstanding results shown Banco de Bogotá has thus shown its excellent standing in suppliers and BTTPDJBUJPOBOEUIFHSBOUJOHPGCFOF»UT 'JOBODJBM&EVDBUJPO1SPHSBNGPS counterparts beyond our country’s legal requirements. employees (*) CZ#BODPEF#PHPUgBUUIFDMPTJOHPG TVQQPSUUIFJS UIF$PMPNCJBO»OBODJBMTZTUFNBOEDPNQFUJUJWFTUSFOHUIT choice as the Colombian bank of the year. During the pre- in the markets it operates in. Likewise, we support social development WJPVTZFBSUIFJOTUJUVUJPOIBEOFUHBJOTPWFSDPNQB- activities through volunteers as a way SFEUPUIPTFPG5IJTSFTVMUJTFOEPSTFECZJUTSBOLJO Banco de Bogotá, to improve the work atmosphere of our employees, also contributing to the quality UIF$PMPNCJBO»OBODJBMTZTUFNUISPVHIJUTNBSLFUTIBSF Among the most valuable brands of life of marginal communities. sound risk management and adequate funding strategy. *O+VOF UIF³#SBOE[5PQ .PTU7BMVBCMF-BUJO"NFSJ- Environmental Reduce the We acknowledge environmental problems &OWJSPONFOUBM&EVDBUJPO$BNQBJHOT Furthermore, the acceptance Banco de Bogotá had in inter- DBO#SBOET´SFQPSU JODMVEFE#BODPEF#PHPUgBNPOHUIF Dimension environmental as an urgent challenge that demands (with customers and employees) (*) impact of our concrete actions by all members of society. &DPFG»DJFODZJOIPVTFQSPHSBN national markets through a successful bond issue amount DPVOUSZ´T  NPTU WBMVFE CSBOET  XIFO SFDPSEJOH B WBMVF PG operations and This is our main challenge as we wish to "ENJOJTUSBUJPOPG4PDJBMBOE UP64NJMMJPOJOJTXPSUIFNQIBTJ[JOH US$2,842 million. the impact have an environmental policy deeply rooted Environmental Risks (Creditworthiness generated by in our daily activities. Studies) (*) our customers The London journal underlines the strategies focused on This analysis was conducted by Millward Brown Group, and employees developing new proposals in its portfolio, as the new and and the parameters borne in mind are brand contribu-

(*) Activities in the construction phase diverse alternatives in debit and credit cards with special UJPO »OBODJBMWBMVFTBOEDPOTVNFS´TPQJOJPO CFOF»UT UIFJOTVSBODFCBOLJOHQSPEVDUTBOEJUTQBSUJDJQB- tion in the mortgage market, through a specialized model. This Corporate Social Responsibility strategy has been disseminated through several media including attendance training, “The Banker gives internal printed media and external publications. The Banker has rated Banco de Bogotá as Bank of the Year Banco de Bogotá JOUIF$PMPNCJBO»OBODJBMTZTUFNJO Z No. 1 Rank The Banker: Top 1000 (July 2012) among Colombian Banks and the 5th place in its “Top *O"VHVTU #SJUJTIKPVSOBM5IF#BOLFSHJWFT#BODPEF 25 Latin American Banks” Bogotá the best score among Colombian banks in its “Top ranking  Management Report Second Half 2012 ABOUT THE BANK 21

Affiliates Awards and Acknowledgments 2012 Ratings

PORRVVENIRR: CORRFIICOOLLOOMBBIAAANA: 0O%FDFNCFS  #BODPEF#PHPUgIBT*OWFTUNFOU(SBEF3BUJOHTGPSJUTNBKPSJOTUSVNFOUTGSPNUISFFPVUTUBOEJOH international rating agencies, Moody´s Investor Services, Fitch Ratings and Standard & Poor´s and the local BRC Investor 11. Global Banking & Finance Review 2012: Bogota, Sep- 11. First place on Volume and number of spot dollar- Co- Services agency, as shown below: tember 2012. Pension and Severance Company Porve- MPNCJBO1FTPUSBOTBDUJPOTEPOFJO HSBOUFECZUIF nir was awarded for the second time with the prize “The $PMPNCJBO4UPDL&YDIBOHF.BSDI CFTU 1FOTJPO 'VOE JO $PMPNCJB ²  CZ UIF #SJUJTI International Scale Local Scale corporate portal Global Banking & Finance Review. 22. Latin Finance June 2012: Deal of the Year in Domestic, All ratings are Investment Grade Moody’sMoody’s Investors BRC Investors FitchFitch RatinRatingsgs Standard & Poors M&A an acknowledgment of a Coltel business where ServiceService Services S.A. 22. Porvenir: The best Pension Fund Company to work $PS»DPMPNCJBOBBDUFEBTDPOTVMUBOU for in Colombia, December 12, 2012, “Great Place to Issuer Dec-12 Outlook Dec-12 Outlook Aug-12 Outlook Dec-12 Work”. Porvenir held the seventh place among com- Foreign currency- Long Term Baa3 Stable BBB Stable BBB- Positive QBOJFTXJUINPSFUIBOFNQMPZFFTJOUIFDPVOUSZ Foreign currency- Short Term P-3 Stable F2 A-3 BOEUIF»STUJOUIFQFOTJPOGVOE »OBODJBM TUPDLBOE Local Currency - Long Term Baa1 Stable BBB Stable BBB- Positive AAA manager of third party resources sector. Local Currency - Short Term P-2 Stable F2 A-3 BRC1+ Financial Strength C- Stable Bonds Dec-12 Outlook Dec-12 Aug-12 Dec-12 4VCPSEJOBUFE#POET¯4FDPOE*TTVF AA+  BBACC CCREDDOOMAATTICC: .VMUJQMFBOE4VDDFTTJWF*TTVFT¯ AA+ 4VCPSEJOBUFE#POET 1SJ[FTBOEBDLOPXMFEHNFOUTSFDFJWFEJO 4FOJPS6OTFDVSFE/PUFT EVF Baa2 Stable BBB BBB-

Prizes and acknowledgments received in 2012 Organization Prize/ Award *OUIFTFDPOETFNFTUFSPG UIFWBSJPVTSBUJOHBHFODJFTBOOPVODFEUIFGPMMPXJOHSBUJOHTGPS#BODPEF#PHPUg REGIONAL Centro Mexicano para la Filantropía (CEMEFI), #FTU-BUJO"NFSJDBO1SBDUJDFQSJ[FGPSTUSFOHUIFOJOHUIFWBMVFDIBJO  (Mexican Center for Philanthropy) Suppliers Development Program. September 18, 2012. 0O"VHVTUUI 41SFWJTFE#BODPEF#PHPUg´TQSPTQFDUTGSPNTUBCMFUPQPTJUJWFBOEDPO»SNFEJUT###"SBUJOHT  Forum Empresa and ALIARSE which agreed with the improvement in prospects of the sovereign rating.

Centro Mexicano para la Filantropía (Mexican "DLOPXMFEHNFOUGPS&YFNQMBSZ4PDJBM3FTQPOTJCJMJUZJO-BUJO"NFSJDB.  0O%FDFNCFS  .PPEZ´TQVCMJTIFEJUTNPTUSFDFOU±$SFEJU0QJOJPO²GPS#BODPEF#PHPUg NBJOUBJOJOHUIF Center for Philanthropy) (CEMEFI), March 2012 Baa3/P-3 y Baa1/P-2 ratings for foreign and local currency bank deposits, respectively. The factors that support this Forum Empresa and ALIARSE EFDJTJPOJODMVEFDSPTTCPSEFSEJWFSTJ»DBUJPO UIFSFMBUJWFMZMPXFYQPTVSFUPSJTLHFOFSBUFECZUIFHPWFSONFOUBOE Centro Mexicano para la Filantropía (Mexican Center for Philanthropy) (CEMEFI), the limited dependence on market funding. This, among other issues, has allowed the Bank to have the best rating Fundación Hondureña de RSE (FUNDAHRSE) 4FBMDFSUJGZJOH$SFEPNBUJDBTB4PDJBMMZ3FTQPOTJCMF0SHBOJ[BUJPOTJODF among its peers as far as local currency deposits are concerned and to locate itself a notch above the sovereign credit (Hondura’s CSR Foundation) to date. September 12, 2012 rating. Fundación Hondureña para el Niño con Cáncer Second Place on the champion’s tournament. . April 14, 2012. (Hondura’s Foundation for Children with Cancer)  -JLFXJTF PO%FDFNCFS  'JUDI3BUJOHTJNQSPWFEUIF#BOL´TDSFEJUSBUJOHTIJGUJOHUP###'GSPNUIF###' College of Forestry Professionals Recognition for support to the environment through awareness and MFWFM5IJTVQHSBEFJTHSPVOEFEPOUIFTUSPOH#BOLGSBODIJTF UIFEJWFSTJ»DBUJPOPGJUTQPSUGPMJPBCSPBE UIFBQQSPQSJB- (COLPROFORH) reforestation campaigns. May 2012 UFRVBMJUZPGJUTBTTFUTBOESFTFSWFT JUTDPOTFSWBUJWFDSFEJUQPMJDJFT CSPBEEJWFSTJ»FEGVOEJOH BEFRVBUFDBQJUBMMFWFMT Junior Achievement Special Recognition for contributing to the awakening of the entrepreneurial BOESFMFWBODFJOUIF»OBODJBMTZTUFN spirit mission in public schools in Tegucigalpa, San Pedro Sula and La Ceiba. Tegucigalpa, March 8, 2012  'JOBMMZ BMTPPO%FDFNCFS  #3$*OWFTUPS4FSWJDFT4" LFQUUIF"""#3$ SBUJOHT*OUIJTSFTQFDU UIFBHFODZ VOEFSMJOFEUIF#BOL´TFRVJUZTVQQPSUCZJUTNBKPSTIBSFIPMEFS (SVQP"WBM JUTDPOTJTUFOUBOEPVUTUBOEJOH»OBODJBM B´NAI B´RITH Costa Rica Human Rights Prize for Social Corporate Responsibility Programs. June 11, QFSGPSNBODFDPNQBSFEUPJUTQFFST UIFMBSHFSHFPHSBQIJDEJWFSTJ»DBUJPOPGEFQPTJUT MPBOTBOEQSP»UTQPSUGPMJP UIF 2012. high quality of loans and positive levels of solvency and liquidity. Q Chamber of Commerce of Costa Rica /BUJPOBM1SJ[FPO4PDJBM3FTQPOTJCJMJUZ November 21, 2012.