BBVA boosts savings with Cuenta Meta offering up to 8.5% E.A.

BBVA in Colombia introduced Cuenta Meta, a digital product that allows users to set up to five savings goals with returns of up to 8.5% effective annual.

The product is available through digital channels and enables automatic savings from purchases or scheduled deposits, without extra costs or in-person procedures.

Returns vary by balance: 5% effective annual for amounts between 500,000 and 1 million pesos, 7.5% between 1 and 2 million, and 8.5% between 2 and 5 million.

Clients retain immediate access to funds. The initiative responds to growing interest in digital tools during mid-year bonus payments.

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Colombia's central bank raises rate to 11.25% in second 2026 hike amid government walkout

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Following its January hike to 10.25%, Colombia's Banco de la República raised its intervention rate by another 100 basis points to 11.25% in a tight 4-3 vote during its second meeting of the year. Finance Minister Germán Ávila walked out of the board meeting and announced the government's withdrawal from the central bank over disagreements. President Gustavo Petro backed the move and criticized the monetary policy.

BBVA Group announced an investment exceeding $300 billion in artificial intelligence and technological capabilities in Colombia, marking its 30 years of operations in the country. The plan involves a partnership with OpenAI to speed up AI adoption in its processes. Mario Pardo, the bank's executive president in Colombia, emphasized the shift to a customer-centered banking model using AI.

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BBVA announced an investment exceeding 300 billion pesos in artificial intelligence and technological capabilities in Colombia, as part of its 30 years of operations in the country.

In its May 1, 2026 board meeting, Banco de la República unanimously kept the benchmark interest rate at 11.25%, surprising analysts expecting a hike to combat accelerating inflation. Finance Minister Germán Ávila participated fully, citing constructive dialogue, while board members justified the decision to maintain stability amid political pressures.

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Banco Mundo Mujer posted a net profit of 25.94 billion pesos in the first quarter of 2026. The figure marks a 4.44 percent drop from the same period last year.

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