Last $47.66 USD
Change Today +0.79 / 1.69%
Volume 430.0K
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bancolombia s.a.-spons adr (CIB) Key Developments

Bancolombia Establishes Widespread Presence in Central America

Bancolombia has also established a widespread presence in Central America.

Bancolombia S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Bancolombia S.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of COP 2,298,607 million against COP 1,979,128 million a year ago. Net interest income was COP 1,483,659 million against COP 1,220,200 million a year ago. The performance of this line was driven by higher loan volumes. Net interest income after provision for loans and accrued interest losses was COP 1,099,440 million against COP 930,967 million a year ago. Net operating income was COP 703,185 million against COP 465,177 million a year ago. Income before income taxes was COP 576,227 million against COP 447,745 million a year ago. Net income was COP 415,516 million against COP 323,925 million a year ago. Net income per share was COP 432.01 against COP 380.27 a year ago. Return on average total assets was 1.26% compared to 1.16% a year ago. Return on average shareholders equity was 10.62% compared to 10.95% a year ago. Annualized ROE was 12.7% For the nine months, the company reported total interest income of COP 6,781,453 million against COP 5,979,001 million a year ago. Net interest income was COP 4,418,254 million against COP 3,660,012 million a year ago. Net interest income after provision for loans and accrued interest losses was COP 3,391,302 million against COP 2,702,331 million a year ago. Net operating income was COP 2,176,897 million against COP 1,322,973 million a year ago. Income before income taxes was COP 1,937,984 million against COP 1,299,430 million a year ago. Net income was COP 1,391,151 million against COP 1,026,387 million a year ago. Return on average total assets was 1.42% compared to 1.30% a year ago. Return on average shareholders equity was 12.70% compared to 11.66% a year ago.

Bancolombia S.A. to Report Q3, 2014 Results on Nov 10, 2014

Bancolombia S.A. announced that they will report Q3, 2014 results After-Market on Nov 10, 2014

Bancolombia S.A. Announces a New Collective Bargaining Agreement

Bancolombia S.A, Uneb and Sintrabancol entered into a new collective bargaining agreement, which will have a term of three years, from November 1, 2014 to October 31, 2017. Among other agreements, the following are the most relevant economic aspects of the new Agreement: Salary increase: 7% salary increase for the first year for the employees covered under the Agreement. For the second year, the increase will be equal to the Colombian consumer price index (“IPC”) variation plus 2.0%. For the third year, the increase will be equal to the IPC variation plus 2.5%; Increase in funds allocated to education and housing loans, and health insurance policy; The new Agreement will extend to employees with operational level positions in the following subsidiaries: Leasing, Banca de Inversión, Valores and Fiduciaria Bancolombia, which entails coverage for more than 13,000 employees in total, regardless of whether or not they are members of the unions. The parties also reaffirmed their commitment to comply with the ILO Declaration on Fundamental Principles and Rights at Work. The Bank would also like to acknowledge the cooperation of its employees during this process, which reflects their unwaivering commitment to service.

Bancolombia S.A., Q3 2014 Earnings Call, Nov 11, 2014

Bancolombia S.A., Q3 2014 Earnings Call, Nov 11, 2014

 

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Company Last Change
BBVA Colombia SA $330.00 COP 0.00
Banco Davivienda SA $27,240 COP +160.00
Banco de Bogota SA $65,420 COP +1,920
Banco de Occidente SA $40,020 COP 0.00
Grupo Aval Acciones y Valores $1,270 COP +5.00
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