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Banco de Bogotá Corporate Presentation Logo The Issuers Recognition-IR granted by the Colombian Securities Exchange is not a certification about the quality of the securities listed at BVC nor the solvency of the issuer. 1

Business Overview Banco de Bogotá’s Structure ✓ Founded in 1870, Banco de Bogotá is Colombia’s oldest financial institution and the principal subsidiary of Grupo Aval, the leading financial group in Colombia. Main Subsidiaries Associated ✓ Universal bank with a strong presence in the commercial and consumer lending segments. (5) (5) (6) ✓ Listed on the Colombian Stock Exchange (BVC), Banco de Bogotá’s market capitalization as of June 30, 2020 was USD $5.3 Bn. Central American Panamenian Pension Merchant Banking Group Bank Fund Bank Grupo Aval 20.0% 8.2% Regional Franchise Banco de Bogotá 100.0% 99.6% 46.9% 33.3% Colombia (1) Banco de Occidente 24.2% 4.0% Net Income #1 Banco Popular 5.0% Assets, Net Loans & #3 Otros 8.9% 49.5% Deposits Total 100.0% 99.6% 100.0% 100.0% Breakdown by Geography (7) Assets Net Income | Costa Rica USD$58.0 billion USD$121.0 million Centroamérica (2) #1 Assets, Loans and Deposits #2 Net Income 47.3% Total Distribution 45.4% Network 54.6% Ownership 52.7% ATMs Grupo AvaI 68.7% Other Companies 3,961 (3) Consolidated Ratios (8) owned by Mr. 8.3% ROAA: 0.9% ROAE: 7.5% Sarmiento Angulo Branches Others 23.0% 1,517 (4) Colombian operation Central American operation Total 100.0% Sources: Company information. (1) Rankings as of June 30, 2020. Net income figures are non-consolidated. (2) Rankings as of June 30, 2020. Calculated based on data aggregated from the local bank superintendencies of Costa Rica, El Salvador, Guatemala, Honduras, Panama and Nicaragua. (3) Reflects aggregate number of ATMs of Banco de Bogotá, BAC Credomatic and Multi Financial Group as of June 30, 2020. (4) Reflects aggregate number of branches of Banco de Bogotá, Porvenir, Banco de Bogotá Panamá, Almaviva, Fiduciaria Bogotá, BAC and Multi Financial Group as of June 30, 2020. Banco de Bogotá and BAC Credomatic jointly account for 2 1,367 branches. (5) Banco de Bogotá owns BAC Credomatic and Multi Financial Group through Leasing Bogotá Panamá. (6) Banco de Bogotá controls Porvenir through shareholders agreements with Grupo Aval and Banco de Occidente. (7) As of June 30, 2020. Exchange Rate: $3,756.28; Net Income as of June 30, 2020. (8) Annualized ratios.

Milestones in Banco de Bogotá’s Evolution 1870 – 1987 1870 – Banco de Bogotá starts 1924-1928 - Merger with 1967 - 1980 – Opening of branches 1987 – Banco de Bogotá is different regional Banks operations on November 15 as a and Subsidiaries abroad (Panama, acquired by Sarmiento financial institution. New York, Nassau and Miami). Organization. 1988 - 2003 1988 – 2003 - Development of an attention and differentiated service model. Important investment in technology, consolidating nationwide coverage and leadership position. 1992 – Acquisition and merger 1992 - Establishment of Fidubogotá, Leasing with Banco del Comercio Porvenir and Porvenir Pension Fund. 2004 - 2009 2005 - Merger of Corficolombiana 2006 - Banco de Bogotá 2009 - Merger of Grupo Aval’s 2007 - Merger of Fidubogotá and Corfivalle. acquires and merges with stockbrokers: Casa de Bolsa. and Fiducomercio Megabanco, strengthening the consumer loan segment. 2010 - 2020 2013 - Acquisition of 100% of BBVA’s ownership in BBVA Panamá. 2017 - The Bank ceded control of Casa de Bolsa to - Acquisition of 100% of BBVA’s ownership in BBVA Panamá. Corficolombiana S.A. - Issuance of Common Shares ($1.3 trillion pesos). 2010 - Acquisition of BAC - International Ordinary Bond Issuance (US600 million) - International Bond Issuance: US$500 million Subordinated Notes. - Launch of Banco de Bogotá’s Digital LAB. Credomatic, Central American 2014 – BAC de Panamá (formerly BBVA Panamá) merges into BAC 2018 - 2019 – Digital products’ launch: Savings Accounts, financial group, enhancing our International Bank. Credit Cards, Personal Loans, Payroll Loans and Housing international presence. 2015 – Grupo Financiero Reformador merges into Banco de -Mandatory Convertible Bonds Loans. Guatemala. issuance ($2.3 trillion pesos). 2020 – Acquisition of Multi Financial Group, owner of 2016 – The Bank ceded control of Corficolombiana to Grupo Aval. Panamanian Bank Multibank strengthening our market - Subordinated bond issuance on international markets of US$600 share. million, and issuance reopening of US$500 million - Additional Tier 1 Instrument issuance US$520 million by BAC Credomatic with capital treatment in Panama and Colombia. 3

Banco de Bogotá has important investments in subsidiaries in Colombia and abroad Universal Bank with a wide portfolio of products and services. Presence all across Colombia. Agencies in Miami, New York and Panama. 1/ President: Alejandro Figueroa Jaramillo 100.0% Central American Financial Group with banking and credit card operations in all Central President: Rodolfo Tabash Espinach American countries. 99.57% Multi Financial Group has more than 49 years of experience in the financial business. Its President: Rodolfo Tabash Espinach main subsidiary is Multibank with over 30 years of operations in Panama. 46.91%* Pension and Severance Fund Manager. President: Miguel Largacha Martínez 94.99% Execution of Contracts on Mercantile Trust and Trust Funds President: Buenaventura Osorio M. 94.93% General Warehouse, Custom Agent and Integral Logistics Operator. President: Ivan Rodríguez Carrizosa 94.90% Technical and administrative services company. General Manager: Adriana Cuervo Barreto 100.0% Panamá Nassau International license to carry out banking business. General Manager: General Manager: José A. Santana María F. Blanco 100.0% Entities authorized to carry out Banking Business and Investment Portfolio Management, focused on Banco de Miami Agency New York Agency Bogotá’s corporate and institutional clients with a full range of services. General Manager: General Manager: Alfonso García John Kennedy 100.0% Panamanian General Licensed entity. Authorized to carry out Banking Business, essentially in the local market. Sucursal Panamá General Manager: José Alberto Santana 38.9% Aval Soluciones Digitales S.A. Electronic deposits and payments society (SEDPE), offers 100% digital payment solutions. General Manager: Claudia Patricia Méndez 4 1/ For further information on Banco de Bogotá’s products and services, visit www.bancodebogota.com. (*) Includes direct and indirect ownership. Banco de Bogotá controls Porvenir through shareholders agreements with Grupo Aval and Banco de Occidente.

Consolidated results confirm Banco de Bogotá’s financial strength Main Ratios Financial Highlights Variation 2Q-2019 2Q-2020 2Q-2019 2Q-2020 (US$ Billons) 2020 vs 2019 Total Assets 43.5 58.0 33.4% Delinquency Ratio 1 4.3% 3.9% Total Net Loans 29.3 37.7 29.0% Loan Coverage 2 1.10x 1.12x Total Net Investments 4.5 6.9 52.6% Administrative Efficiency 3 49.1% 53.1% Deposits 28.6 39.5 38.3% ROAA 4 2.0% 0.9% Total Equity 5.4 6.0 11.6% ROAE 5 15.6% 7.5% Capital Adequacy 6 13.2% 12.4% 2Q-2019 2Q-2020 Variation (US$ Millions) Net Income (6 months) 425.8 322.8 -24.2% Figures under IFRS 1 Delinquency Ratio: Past-due Loans over 30 days / Gross Loans. 2 Loan Coverage: Allowance / Past-due Loans over 30 days. 3 (January – June). Calculated as: Total other expenses / Net interest income from commissions and fees, net trading income, net income from other financial instruments mandatory at FVTPL and total other income. 4 ROAA for each period is calculated as: annualized Net Income / Average of total assets. 5 ROAE for each period is calculated as: annualized Net Income attributable to shareholders / Average attributable shareholders' equity. 6 Capital Adequacy is calculated under the Financial Superintendency of Colombia methodology. Note: Consolidated Figures as of June, 2020. Exchange Rate: $ 3,756.28 5