Investor Relations

The foundation of Bancolombia is the result of the merger between BIC and Banco de Colombia, that dates back to the nineteenth century with the foundation of Banco de Colombia in 1875, and Banco Industrial Colombiano “BIC” in 1945. The merger between BIC and Banco de Colombia in 1998 would give rise to Bancolombia, which was expected to be the largest bank in Colombia with 15.7% of total assets in the financial sector. Since 1981, Bancolombia’s common shares have been listed on the Colombian StockExchange and in 1995 took place one of the most relevant milestone in the history of the financial institution, The Colombian Industrial Bank (BIC) issued its 22.4 million of preferred shares in the national and international market on the New York Stock Exchange (NYSE). In the following years, a number of acquisitions increased the size and relevance of the bank, incorporating new lines of business such as Sufinanciamiento, Corfinsura and Conavi Banco Comercial y de Ahorros, creating in 2005 an entity with approximately USD 10Bn in assets, 630 branches, 11,769 employees and 4 million clients. In 2006 The acquisition of Banagrícola and all its subsidiaries was announced, through the subsidiary Bancolombia Panamá. Following this path, the purchase of HSBC Panama took place in 2013, one of the leading banks in this country, making it the largest acquisition in the history of Grupo Bancolombia. The same year, Grupo Bancolombia acquired 40% of Grupo Agromercantil Holding in Guatemala through a transaction that had been agreed in 2012. This acquisition served to establish itself as one of the largest players in Central America. The foregoing positions the Bancolombia Group as a financial institution that has a presence in 10 countries. Eventually in 2015, Bancolombia acquired an additional 20%, to reach a 60% stake in Banco Agromercantil de Guatemala. In 2020, Bancolombia S.A. entered into a stock purchase agreement pursuant to which Bancolombia Panama will acquire 40% of the common stocks of Grupo Agromercantil Holding (“GAH”). GAH owns the Conglomerado Financiero Agromercantil of Guatemala, which includes among others, Banco Agromercantil of Guatemala (“BAM”). Following completion of this transaction, Bancolombia will own 100% of the common stock of GAH.

For more information, please refer to the site: https://www.grupobancolombia.com/wps/portal/about-us/corporate-information/financial-group; TAB: History

Bancolombia: through its parent establishment and its subsidiaries provides a variety of products and services, including savings and investment products, financing, mortgage banking, factoring, financial and operating leases, treasury, cash management, foreign currency, insurance, brokerage services, investment banking, asset management and trust services.

Fiduciaria Bancolombia: initiated its consolidation process from a series of mergers with other trust companies of the country. In 1995 with the merger of the trust company of BIC – Fidubic – with the Sociedad Fiduciaria Suramericana – Sufiducia-, and in 1998 the affiliate of Banco de Colombia -Fiducolombia- was merged with Fiduciaria Suramericana and with BIC S.A. Sufibic. For more information, please refer to the site: https://fiduciaria.grupobancolombia.com/wps/portal/fiduciaria/about-us/corporate-information

Valores Bancolombia:The Company's line of business includes the purchase, sale, and brokerage of securities. It specializes on capital markets working to solve people, SMEs, companies and government needs in relation to investment, financing and risk management issues. For more information, please refer to the site: https://valores.grupobancolombia.com/wps/portal/valores-bancolombia/about-us

Renting Colombia: Renting is a company that offers leasing service through which a client can take a vehicle for a certain time and use it as if it were its property, having full autonomy and control. For more information, please refer to the site:  https://renting.grupobancolombia.com/wps/portal/renting-colombia

SUFI: Sufi is a Bancolombia brand that specializes in lines of credit for 2 specific products. The first is loans for the acquisition of a vehicle, motorcycle or bicycle. On the other hand, SUFI offers loans to support academic studies, offering financial services for undergraduate and postgraduate degrees, with the possibility of even obtaining long-term study abroad. For more information, please refer to the site:  https://sufi.grupobancolombia.com/sufi 

Banca de Inversión Bancolombia: With more than 20 years of experience, which comes as a result of the merger of Colcorp Corporación Financiera and Banca de Inversión Corfinsura in 2005, Banca de Inversión Bancolombia have become a leading entity in the investment banking business in Colombia, with an important regional presence. For more information, please refer to the site:  https://bancainversion.grupobancolombia.com/wps/portal/banca-inversion/acerca-de/sobre-nosotros

Factoring Bancolombia: generates alliances with companies and their corresponding communities in order to accelerate their growth by optimizing the status of their receivable and payable accounts. For more information, please refer to the site:  https://factoring.grupobancolombia.com/wps/portal/factoring

Compañía de financiamiento TUYA S.A.: TUYA is a joint Venture company between Bancolombia S.A. and Grupo EXITO owning each 50% of shares. It operates in the retail segment offering a variety of products that include personal loans, private credit cards and franchised label cards (in association with retailers).

Group Bancolombia has defined the Sustainability Model that includes the policies of purchases, human rights, climate change, financing, investment, relationships with stakeholders and social and environmental goals. 

On the following link you can find our sustainability policies: https://www.grupobancolombia.com/wps/portal/about-us/corporate-information/sustainability/model

The Bancolombia´s General Shareholders' Meeting is usually held every year in the month of March, and it is announced in the month of February. To find out more information about the historical general shareholders meetings and reports, please refer in this site to the TAB: Shareholders and Meetings. 

The headquarters of Bancolombia´s Group are located in Medellín-Antioquia and the address is Carrera 48 # 26 – 85.  

Price Waterhouse Coopers PwC Ltda.   

You can find the information about the board of directors on the following link:  

Link to the site: https://www.grupobancolombia.com/wps/portal/acerca-de/informacion-corporativa/gobierno-corporativo TAB: “Directors and Officers”. 

You can find the information about the senior management on the following link:  

Link to the site: https://www.grupobancolombia.com/wps/portal/acerca-de/informacion-corporativa/gobierno-corporativo TAB: “Directors and Officers”. 

You can find the financial results in this site through the TAB: “Financial Results”. 

You can find the risk rating of the bank in this site through the TAB: “Risk Rating”. 

You can find the equity analysts that cover the bank in this site through the TAB: “Analyst Coverage”.  

In accordance with the Capital Adequacy Requirements, financial institutions in Colombia are required to achieve a minimum solvency ratio (Basic Solvency Risk Index, Tier 1) above 4.5%, and a total solvency risk index (Tier 2) greater than or equal to 9.0%. 

Full IFRS. However, the agency that oversees Bancolombia is the Superintendencia Financiera de Colombia (Colombia Superintendence of Finance) and requires a modified IFRS standard. Every year Bancolombia submits the annual report 20F to the SEC and this is prepared under full IFRS standards, requiring no accounting reconciliation as was previously the case under Colombian GAAP.  

Depositary receipts (DRs) are negotiable U.S. securities issued by a U.S. bank, referred to as a "depositary bank," that typically represent a non-U.S. company’s equity. DRs trade freely in global markets and can be listed on major stock exchanges including the New York Stock Exchange, NASDAQ, the London Stock Exchange and the Luxembourg Stock Exchange. DRs facilitate cross-border trading and may help non-U.S. companies raise capital in global equity offerings or be used as acquisition currency for mergers and acquisitions. DRs allow non-U.S. companies to make their shares available outside their home markets and allow investors in the U.S. and elsewhere to easily invest in companies on a more global basis. Several DR structures are available to suit a company’s particular capital market needs.  

American Depositary Receipts (ADRs) are publicly available to U.S. investors on a national stock exchange (NYSE or NASDAQ) or on the over-the-counter (OTC) market. Global Depositary Receipts (GDRs), generally issued under Rule 144A and/ or Regulation S of the U.S. Securities Act of 1933, are placed privately or offshore and sold only to qualified institutional buyers (QIBs) in the U.S. or to investors outside the United States. GDRs are often listed on the London or Luxembourg stock exchanges. BNY Mellon has developed Passport DRs for companies wanting to list their shares as DRs for local settlement in various markets. 

Level I: A sponsored Level I DR Program is the simplest way for non-U.S. companies to access U.S. capital markets. Level I DRs are traded in the U.S. through OTC Markets with prices reported to the U.S. Financial Industry Regulatory Authority (FINRA), which makes such information publicly available through sources such as Bloomberg, Reuters, and OTC Markets. In addition, Level I DRs trade on some markets outside the U.S. Establishing a Level I program does not require full registration with the U.S. Securities and Exchange Commission (SEC), U.S. financial or corporate disclosure beyond that required by the home market or compliance with the U.S. Sarbanes-Oxley Act. A sponsored Level I DR program may allow non- U.S. companies to enjoy the benefits of a U.S. publicly traded security without full reporting under the U.S. Securities Exchange Act of 1934. Because Level I facilities are easy to establish, the majority of sponsored DR programs are Level I facilities. To access U.S. investors, many companies start with a Level I program, then upgrade to a Level II or Level III program. 

Level II and III: Companies that wish to list their DRs on a U.S. stock exchange, to raise capital or to make a U.S. acquisition using DRs, establish sponsored Level II or Level III DR programs. These DR programs require SEC registration, disclosure and reporting. The companies must also meet the listing requirements of the applicable stock exchanges. Structurally, Level II and Level III DRs are similar and both types are used for listing on a U.S. stock exchange. However, Level III DR is the term used for a company raising capital by issuing DRs. Both Level II and Level III programs may attract significant U.S. investor interest. 

Bancolombia is listed in the New York Stock Exchange, the world's largest stock exchange by market capitalization. The companies listed in the NYSE can leverage a wide range of advantages, including access to capital, improved branding and visibility, accountability, and increased liquidity. NYSE-listed securities benefit from the enhanced market quality of the high tech/high touch model. 

BNY Mellon is the depositary bank.

You can find more information about Bancolombia´s ADR on the following link: https://www.adrbnymellon.com/resources/dr-basics 

Michael Vexler 

Sales & Relationship Management 

BNY Mellon - Depositary Receipts  

Email: Michael.vexler@bnymellon.com  

Tel: (+1) 212-815-2838 

The main difference between preferred and common stock is that preferred stock gives no voting rights to shareholders while common stock does. Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders. Common stockholders are last in line when it comes to company assets, which means they will be paid out after creditors, bondholders, and preferred shareholders.  

Holders of preferred shares are entitled to receive dividends based on the profits of the preceding fiscal year, after deducting losses affecting the capital and once the amount that shall be legally set apart for the legal reserve has been deducted, but before creating or accruing for any other reserve, of a minimum preferred dividend equal to one per cent (1.00%) yearly of the subscription price of the preferred share, provided this dividend is higher than the dividend assigned to common shares. If this is not the case, the dividend shall be increased to an amount that is equal to the per share dividend on the common shares. The dividend received by holders of common shares may not be higher than the dividend assigned to preferred shares. 

Bancolombia was listed in the New York Stock Exchange in 1995, to become the first Colombian company to debut. 

Bancolombia´s ADR is equivalent to 4 preferred shares.

ADR´s are associated to preferred stocks which do not give shareholders voting rights, while common stock does, at one vote per share owned. 

You can find more information about the payment of dividends in this site through the TAB: “Shares”. 

You can find more information about the payment of dividends in this site through the TAB: “Contact”. 

Dividends are decided each year at the shareholders' meeting, the management has been interested in maintaining the purchasing power of the shareholders with a positive real growth of the dividends. Dividend payment has consistently been in the range of 30% to 40% of consolidated earnings. Even though there is not a strict payout policy, it is important to note that preferred shares receive 1% of their subscription value if the net result of the income statements are positive.