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Bancolombia

#1969

Rank

$7.13B

MarketCap CO

CO Colombia

Country

Summary
Bancolombia S.A. provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; financial support to real estate developers and mortgages for individuals and companies; factoring; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner's insurance products; and online and computer banking services. Further, the company provides project and acquisition finance, debt and equity capital markets, principal investments, M&A, hedging strategies, restructurings, and structured financing; money market accounts, mutual and pension funds, private equity funds, payment and corporate trust, and custody; internet-based trading platform; inter-bank lending and repurchase agreements; managing escrow accounts, and investment and real estate funds; and transportation, securities brokerage, maintenance and remodeling, and outsourcing services. As of December 31, 2021, it operated 1,015 branches; 28,676 banking correspondents; 529 PAMs; 210 kiosks in El Salvador and 187 in Colombia; and 6,094 ATMs. Bancolombia S.A. was incorporated in 1945 and is headquartered in Medellín, Colombia.

History

Bancolombia is the largest non-state-owned financial group in Colombia. Founded in 1875 in Medellin, Colombia, the original name of the bank was "El Banco de Antioquia". Bancolombia has since grown to become the leading financial group in Colombia and one of the largest financial groups in Latin America.


Mission
Our mission is to help our clients achieve and maintain their financial goals, supporting them through innovative solutions and a commitment to value creation and sustainability.

Vision
We want to be the partner of choice for customers, communities, and the economy.

Key Team

Dr. Mauricio Rosillo Rojas (Chief Legal Officer, Gen. Sec. & VP of Legal)

Ms. Claudia Echavarria Uribe (Chief Legal Officer, Gen. Counsel, Legal VP & Sec. Gen.)

Mr. Rodrigo Prieto Uribe (Chief Risks Officer & VP of Risk)

Mr. Jose Mauricio Rodriguez Rios (Chief Internal Auditor Officer)

Mr. Andres Vasquez Echeverri (Pres of Nequi)

Mr. Rafael Barraza Domínguez (CEO & Pres of Banco Agrícola SA)

Ms. Aimeé Tialia Sentmat de Grimaldo (CEO & Pres of Banistmo)


Recognition and Awards
Bancolombia has won numerous awards as one of the best banks in Colombia, including the Banking Award for Excellence in Customer Service in 2009 and the Most Sustainable Bank in Latin America in 2010.

References
Bancolombia
Leadership team

Mr. Juan Carlos Mora Uribe (Pres & CEO)

Mr. José Humberto Acosta Martín (CFO & VP of Fin.)

Mr. Carlos Daniel Raad Baene (Investor Relations Director & Mang.)

Products/ Services
Banking, Education, Finance, Financial Services
Number of Employees
20,000 - 50,000
Headquarters
Medellín, Antioquia, Colombia
Established
1945
Company Registration
SEC CIK number: 0001071371
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
CIB
Social Media
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