TIMELINE
1924: Stake in Banco Francés e Italiano de Colombia (later Banco Sudameris Colombia) acquired by Banque Française & Italienne pour l'Amérique du Sud (Sudameris).
1976: Banco Francés e Italiano de Colombia nationalized.

In 1920, as the Colombian economy began to take off thanks to the production and export of coffee, the trading company Maison Narvaes was transformed to create Banco Francés e Italiano de Colombia (renamed Banco Sudameris Colombia in 1982), with headquarters in Bogotá and branches throughout the country. Just a few years later - in 1924 - Sudameris, in which Banca Commerciale Italian held a stake, having acquired full control of the bank, transformed it into its own direct branch, thereby bolstering its presence in South America, where it was already active in Chile, Brazil and Argentina.
Sudameris remained the bank's majority shareholder until 2003, when it sold its shares to Gilex Holding BV.