Founded in 1980 in Cali, Colombia, the institution operated until 2012 as Fundación WWB Colombia, a non-governmental (NGO) microfinance institution (MFIs) and the first affiliate to the Women’s World Banking (WWB) Network in Colombia. Banco W remains a member of the WWB Network but WWB is not currently involved with the operations of Banco W in any formal capacity. In 2010 the Fundación underwent a transformation to become Banco W S.A, a commercial bank, operating under the regulations of the Superintendencia Financiera (SF, the financial supervisor).
As part of OPTIX, Banco W is working on developing and implementing new channel strategy, rationalizing current savings products to provide clear value proposition and introducing a Financial Services Advisory tool.
Institution type: Commercial Bank
Year founded: 1980
Client type: Low-Income