Tag: Bancolombia
Despite land theft, Bancolombia has best reputation of all Colombia’s corporations
Bancolombia, the bank that tops the list of firms that sought financial benefit through terrorism,...
Colombia’s largest bank doubles last year’s 2nd quarter profits
The largest bank in Colombia reported a consolidated profit of $247.2 million from April to June...
Bancolombia buys up Guatemalan banking assets
Medellin-based Colombian bank Bancolombia confirmed on Tuesday that it would expand beyond...
2 Colombian companies among Latin America’s 10 top brands
State-run oil and gas company Ecopetrol and beer brewer Aguila are the two Colombian companies in...
Bancolombia fined $1.7M for violating tax law
Colombia’s highest administrative court on Monday ordered the country’s largest bank,...
Bancolombia buys Panamanian bank in record purchase
Colombia’s Bancolombia on Tuesday acquired HSBC Panama for $2.1 billion, reportedly the most ever paid by a local bank. Bancolombia’s bold move fits in with their apparent overall internationalization strategy. The...
Colombia’s Bancolombia is most profitable bank in 2012 3rd quarter
One of Colombia’s biggest banks, Bancolombia, is leading the market in earnings in the third quarter of this year, reporting profits of $237.8 million. The reported numbers mean that Bancolombia has earned 2.3% more than...
Bancolombia reports 2011 profits of $900M
Colombia´s largest bank Bancolombia reports 2011 net profits of $899 million in 2011 at a shareholders meeting in Medellin Monday. This figure represents a 16% increase on the 2010 earnings of the banking group. A disbursement...
Bancolombia begins public offering in NY, at $60 per share
Colombia’s top bank Bancolombia SA announced Wednesday the begin of a public offering for 4.5 million American Depositary Shares, at a price tag of $60. The Medellin-based lender said the share offering, equal to about...
Bancolombia offers $886 in preferential shares
Colombia’s biggest bank, Bancolombia, announced Friday a public offering of 64 million shares worth $886 million. The shares will first be offered exclusively to the current shareholders of Bancolombia in the domestic...
Bancolombia gets $100M loan from Bank of Tokyo
Bancolombia on Wednesday announced it will receive $100 million of credit from Japan’s Bank of Tokyo-Mitsubishi. Alejandra Maria Alzate Ruiz of Bancolombia’s communications department told Colombia Reports,...
5 Colombian banks among the biggest 50 in LatAm
Five Colombian banks made it into the list of biggest 50 banks in Latin America, two more than in the 2010 rankings. Bancolombia, Banco de Bogota, Davivienda, BBVA, and Banco de Occidente placed 20th, 23rd, 27th, 37th and 45th...
