Bancolombia S.A. (CIB) Bundle
A Brief History of Bancolombia S.A. (CIB)
Company Overview
Bancolombia S.A. is a Colombian financial institution headquartered in Medellín, Colombia. As of 2024, the bank operates with the following key financial metrics:
| Financial Metric | Value (2023) |
|---|---|
| Total Assets | COP 327.3 trillion |
| Market Capitalization | COP 34.2 trillion |
| Net Income | COP 4.8 trillion |
| Total Employees | 42,375 |
Operational Presence
Bancolombia maintains significant regional presence across multiple countries:
- Colombia (Primary Market)
- Panama
- El Salvador
- Guatemala
Digital Banking Performance
Digital banking channels performance in 2023:
| Digital Channel | User Base |
|---|---|
| Mobile Banking Users | 8.2 million |
| Online Banking Users | 5.7 million |
| Digital Transactions | 1.4 billion |
Corporate Banking Segments
Revenue breakdown by segment in 2023:
| Segment | Revenue Contribution |
|---|---|
| Retail Banking | COP 12.6 trillion |
| Corporate Banking | COP 8.4 trillion |
| International Banking | COP 3.2 trillion |
Sustainability Metrics
- Green Financing Portfolio: COP 5.6 trillion
- Carbon Emissions Reduction: 22% since 2019
- Sustainable Investment Funds: 7 active funds
Who Owns Bancolombia S.A. (CIB)
Ownership Structure
As of 2024, the ownership of Bancolombia S.A. is distributed as follows:
| Shareholder Group | Percentage Ownership |
|---|---|
| Grupo Aval Acciones y Valores S.A. | 68.94% |
| Foreign Institutional Investors | 22.16% |
| Local Institutional Investors | 5.90% |
| Individual Shareholders | 3.00% |
Major Shareholder Details
Grupo Aval Acciones y Valores S.A. is the primary controlling shareholder of Bancolombia, owning a significant majority stake in the bank.
Shareholder Composition
- Grupo Aval is a Colombian financial conglomerate
- The bank is publicly traded on the Colombian Stock Exchange
- Shares are also listed on the New York Stock Exchange (NYSE)
Stock Information
| Stock Exchange | Ticker Symbol |
|---|---|
| Colombian Stock Exchange | BANCOLOMBIA |
| New York Stock Exchange | CIB |
Bancolombia S.A. (CIB) Mission Statement
Organizational Overview
Bancolombia S.A. (CIB) operates as a leading financial institution in Colombia, with significant market presence across Latin America.
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | COP 313.7 trillion |
| Net Income | COP 4.3 trillion |
| Market Capitalization | COP 47.2 trillion |
| Total Employees | 41,426 |
Core Strategic Focus
Bancolombia's mission emphasizes:
- Sustainable financial services
- Digital transformation
- Customer-centric approach
- Regional financial innovation
Key Performance Indicators
| Indicator | 2023 Performance |
|---|---|
| Loan Portfolio | COP 203.5 trillion |
| Customer Base | 19.3 million |
| Digital Transactions | 85.6% of total transactions |
Strategic Priorities
- Digital Banking Expansion
- Sustainable Finance Initiatives
- Technological Infrastructure Investment
How Bancolombia S.A. (CIB) Works
Corporate Overview
Bancolombia S.A. (CIB) is headquartered in Medellín, Colombia. As of Q4 2023, the bank reported total assets of 294.7 trillion Colombian pesos.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | 4.39 trillion COP |
| Total Loans | 214.3 trillion COP |
| Total Deposits | 240.6 trillion COP |
| Equity | 34.2 trillion COP |
Operational Segments
- Retail Banking
- Corporate Banking
- Investment Banking
- International Banking
Digital Banking Metrics
As of 2024, Bancolombia has 7.4 million digital banking users, with 5.2 million active mobile banking users.
Geographic Presence
| Country | Number of Branches |
|---|---|
| Colombia | 652 |
| Panama | 38 |
| El Salvador | 72 |
Technology Investment
In 2023, Bancolombia invested 580 billion COP in technological infrastructure and digital transformation initiatives.
Market Position
Bancolombia holds a 35.7% market share in the Colombian banking sector as of 2024.
Employee Statistics
Total workforce: 24,300 employees across all operational regions.
How Bancolombia S.A. (CIB) Makes Money
Net Interest Income
As of Q3 2023, Bancolombia reported net interest income of COP 3.97 trillion, representing a 21.4% year-over-year increase.
Fee-Based Income
| Service Category | Revenue (COP Billions) |
|---|---|
| Account Management Fees | 687 |
| Credit Card Fees | 523 |
| Transaction Services | 412 |
Loan Portfolio
Total loan portfolio as of September 2023 was COP 129.5 trillion, with following breakdown:
- Commercial Loans: COP 62.3 trillion
- Consumer Loans: COP 35.2 trillion
- Mortgage Loans: COP 22.1 trillion
Investment Banking Revenue
Investment banking segment generated COP 245 billion in revenue during 2023.
International Operations
International subsidiaries contributed COP 1.2 trillion to total revenue in 2023, representing 8.7% of consolidated income.
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