Last $55.27 USD
Change Today -0.51 / -0.91%
Volume 764.1K
As of 6:40 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Carrera 48 # 26-85

Avenida Los Industriales

Medellin,

Colombia

Phone: 57 4 404 1837

Fax:

Bancolombia S.A. provides a range of financial products and services to an individual, corporate, and government customer base throughout Colombia, Latin America, and the Caribbean region. The company serves a diversified individual and corporate customer base of approximately 9 million customers. The company provides its products and services through a traditional branch network, sales and customer representatives, as well as through mobile branches, banking correspondents, an ATM network, online and computer banking, telephone banking, mobile phone banking services, and electronic funds transfer at point of sale, among others. As of December 31, 2013, the company’s consolidated branch network consisted of 1090 offices which included 850 from Bancolombia, 98 from Banco Agrícola, 50 from Banistmo and 92 from other subsidiaries. As of December 31, 2013, the company had a total of 2,162 banking correspondents, including 2,105 in Colombia and 57 in El Salvador. As of December 31, 2013, there were a total of 594 mobile branches; 206 kiosks; and 4,310 automatic teller machines. Through a network of 7,933 PACs (electronic funds transfer at point of sale), its customers carries out transactions including transfer of funds, bill payments, and changes to credit and credit card PINs. Segments The company manages its business through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Insurance, Off Shore, and All other. Banking Colombia: This segment provides retail and corporate banking products and services to individuals, companies and national and local governments in Colombia. Banking Panama: This segment provides retail and commercial banking products and services to individuals and companies in Panama through the Banistmo operation. Banking El Salvador: This segment provides retail and commercial banking products and services to individuals, companies and national and local governments in El Salvador. Leasing: This segment provides financial and operational leases, including cross-border and international leasing services to clients in Colombia, Central America, Mexico and Brazil. Trust: This segment provides trust services and asset management to clients in Colombia and Peru. Investment Banking: This segment provides corporate and project finance advisory, underwriting, capital markets services and private equity management through Banca de Inversion Bancolombia S.A. Brokerage: This segment provides brokerage, investment advisory and private banking services to individuals and institutions. Insurance: This segment commenced in November 2013 and provides insurance services to individuals and companies in Panama. Off Shore: This segment provides a complete line of offshore banking services to Colombian and Salvadorian customers. All Other: This segment includes operations of particular investment vehicles: Valores Simesa S.A., BIBA Inmobiliaria S.A.S., Inversiones CFNS S.A.S., CFNS Infraestructura S.A.S., Sistema de Inversiones y Negocios S.A. Sinesa, Vivayco S.A.S., Banagrícola S.A., Inversiones Financieras Banco Agrícola, Fondo Inmobiliario Colombia and others. Products and Services Savings and Investment The company offers its customers checking accounts, savings accounts, fixed term deposits, and various investment products that fit the specific transactional needs of each client and their income bracket. It also offers its clients and users the service of tax collection in all its branches, and through electronic channels. These include debit cards, Plan Cuenta Pensión, checking accounts, and fixed term certificates of deposit. Financing The company offers its customers a range of credit alternatives, which include trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal loans, vehicle loans, payroll loans, and overdrafts, among others. It also offers various financial specialized products, such as personal loan, Prestanómina, Prestanómina FOPEP, auto loans (new cars), auto loans (used cars), student loan, and credit cards. Mortgage Banking The co

 

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CIB Competitors

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Company Last Change
BBVA Colombia SA $360.00 COP 0.00
Banco Davivienda SA $28,920 COP -1,280.00
Banco de Bogota SA $66,900 COP -100.00
Banco de Occidente SA $42,500 COP 0.00
Grupo Aval Acciones y Valores $1,360 COP -50.00
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Valuation CIB Industry Range
Price/Earnings 13.2x
Price/Sales 3.2x
Price/Book 1.6x
Price/Cash Flow 7.2x
TEV/Sales NM Not Meaningful
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