Bancolombia

Bancolombia S.A. (also known as Grupo Bancolombia; formerly: Banco de Colombia) is a full-service financial institution that provides financial products and services in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru and Guatemala. Bancolombia is one of the six banking-related companies of the COLCAP index. The Bank operates in nine segments: Banking Colombia, Banking El Salvador, Leasing, Trust, Investment, Brokerage, Off Shore, Pension and Insurance, and all other segments.

Bancolombia S.A.
TypeSociedad Anónima
BVC: BCOLOMBIA
NYSE: CIB
IndustryFinancial services
Founded29 January 1875 (as Banco de Colombia)
Headquarters
Medellín
,
Colombia
Area served
Colombia, Cayman Islands, El Salvador, Panama, Puerto Rico, Guatemala, Peru
Key people
Juan Carlos Mora Uribe, (President and CEO)
ProductsBanking
RevenueIncrease US$4.3 billion (2022)
Increase US$1.4 billion (2022)
Total assetsIncrease US$50.5 billion (2022)
Number of employees
31,900 (2020)
SubsidiariesBanistmo
Banco Agricola
Banco Agromercantil de Guatemala
WebsiteOfficial website Edit this at Wikidata

Together with its subsidiaries, the Bank provides a range products and services, including savings and investment products, financing, mortgage banking, factoring, financial and operating leases, treasury, comprehensive cash management, foreign currency, insurance, brokerage services, investment banking, asset management and trust services. As of December 31, 2018, the Bank's consolidated branch network consisted of 1041 offices.[1]

History

Bancolombia was founded on January 29, 1875 as "Banco de Colombia" in Medellín, Colombia.[2] In 1929 the bank began trading on the Bolsa de Bogotá. In 1995 the bank became the first Colombian company to trade on the New York Stock Exchange.[3]

In 1998 "Banco de Colombia" and "Banco Central Colombiano (BIC)" are consolidated, born in this way Bancolombia.

In 2005 Bancolombia fuses with "Conavi" and "Corfinsura" to create "Grupo Bancolombia".

In 2021 Bancolombia renews it's corporative image, along with all entities that conform the "Grupo Bancolombia".

View of the headquarters of Banco Agricola, the Salvadoran subsidiary of Bancolombia

References
  1. "Bancolombia Annual Report FY2018" (PDF). grupobancolombia.com. July 17, 2019. Retrieved July 17, 2019.
  2. "Bancolombia: 140 años que la historia tiene en cuenta". Portafolio (in Spanish). 30 January 2015. Retrieved 2 April 2022.
  3. Arias Jiménez, Ferney (30 January 2015). "Bancolombia, una marca de 140 años y $7 billones". El Colombiano (in Spanish). Retrieved 2 April 2022.
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