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Bancolombia

From Wikipedia, the free encyclopedia
Colombian financial institution
Bancolombia S.A.

Headquarters in Medellin
Company typeSociedad Anónima
BVC:BCOLOMBIA
NYSECIB
IndustryFinancial services
Founded29 January 1875; 151 years ago (1875-01-29) (asBanco de Colombia)
Headquarters,
Area served
Colombia,Cayman Islands,El Salvador,Panama,Puerto Rico,Guatemala,Peru
Key people
Juan Carlos Mora Uribe, (President andCEO)
ProductsBanking
RevenueIncrease US$4.3 billion (2022)
Increase US$1.4 billion (2022)
Total assetsIncrease US$50.5 billion (2022)
Number of employees
34,756 (2023)
SubsidiariesBanistmo
Banco Agricola
Banco Agromercantil
WebsiteOfficial websiteEdit this at Wikidata

Bancolombia S.A. (also known asGrupo Bancolombia; formerly:Banco de Colombia) is a full-service financial institution that provides financial products and services inColombia,Panama,El Salvador,Puerto Rico, theCayman Islands,Peru andGuatemala. Bancolombia is one of the six banking-related companies of theCOLCAP 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.

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, 2023, the Bank's consolidated branch network consisted of 938 offices.[1]

History

[edit]

Bancolombia was founded on January 29, 1875 as "Banco de Colombia" inMedellín,Colombia.[2] In 1929 the bank began trading on theBolsa de Bogotá. In 1995 the bank became the first Colombian company to trade on theNew 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 its corporative image, along with all entities that conform the "Grupo Bancolombia".

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

References

[edit]
  1. ^"Bancolombia Annual Report FY2023"(PDF).grupobancolombia.com. May 6, 2023. RetrievedMay 6, 2023.
  2. ^"Bancolombia: 140 años que la historia tiene en cuenta".Portafolio (in Spanish). 30 January 2015. Retrieved2 April 2022.
  3. ^Arias Jiménez, Ferney (30 January 2015)."Bancolombia, una marca de 140 años y $7 billones".El Colombiano (in Spanish). Retrieved2 April 2022.

External links

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ColombiaCOLCAP companies ofColombia
S&P Latin America 40 companies(as of 20 January 2022[update])
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