Bancolombia S.A. provides various banking products and services to individual, corporate, and government customers. The company operates through Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore, Insurance, and All Other segments. 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, overdrafts, and financing for industrial projects; mortgage banking and factoring services; and financial and operating leases. The company also provides capital market products, ...
Carrera 48 # 26-85
Avenida Los Industriales
Founded in 1945
Bancolombia S.A. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Reports Impairment Charges for the Third Quarter Ended September 30, 2015
Nov 12 15
Bancolombia S.A. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total interest income of COP 2,811,019 million against COP 2,134,826 million a year ago. Net interest income was COP 1,749,643 million against COP 1,333,405 million a year ago. Net interest income after provision, net was COP 1,258,609 million against COP 1,060,017 million a year ago. Net operating income was COP 553,344 million against COP 558,901 million a year ago. Income before income taxes was COP 617,839 million against COP 628,491 million a year ago. Net income was COP 541,314 million against COP 561,692 million a year ago. Net income per share was COP 544.89 against COP 556.58 a year ago. Return on average total assets was 1.25% compared to 1.64% a year ago. Return on average shareholders equity was 15.78% compared to 13.76% a year ago. Annualized ROE was 11.2%
For the nine months, the company reported total interest income of COP 8,181,614 million against COP 6,640,531 million a year ago. Net interest income was COP 5,286,559 million against COP 4,297,845 million a year ago. Net interest income after provision, net was COP 4,071,054 million against COP 3,471,688 million a year ago. Net operating income was COP 2,349,695 million against COP 2,046,423 million a year ago. Income before income taxes was COP 2,578,977 million against COP 2,285,744 million a year ago. Net income was COP 1,862,538 million against COP 1,794,946 million a year ago. Return on average total assets was 1.54% compared to 1.78% a year ago. Return on average shareholders equity was 13.49% compared to 15.19% a year ago.
For the third quarter of 2015, the company reported other asset impairment of COP 15,950 million against COP 3,458 million for the same period a year ago.
Bancolombia S.A. Approves Partial Amendment of the Bylaws
Oct 30 15
Bancolombia S.A. approved Partial amendment of the bylaws, at its EGM held on October 30, 2015. The main purpose of this amendment is to adopt better corporate governance practices, in accordance with the recommendations made by the Colombian Superintendency of Finance in 'Codigo Pais'.