Bancolombia SA (NYSE:CIB)

BanColombia SA is a financial service company that is committed to providing a suite of services, including loans, factoring, asset management services, and more to small and midsize firms. The company operates its business in the following countries

• Colombia

• Peru

• Panama

• Costa Rica

• El Salvador

• Puerto Rico

• Guatemala

BanColombia through its parent and subsidiaries companies offer a portfolio 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

• Tust services

The company provides its service and products through diversified business lines including Asset Management, Leasing Bancolombia, Factoring Bancolombia, Renting Colombia, Fiduciaria Bancolombia, and Valores Bancolombia.

The company is committed to providing reliable financial information to investors to keep them updated. BanColombia helps its clients to achieve investment goals by providing solutions that handle collective investment funds and delegated portfolios.

With teams of experts, BanColombia provides its services so clients can take appropriate decisions. BanColombia is engaged in generating alliances with the corporations and their corresponding communities for increasing the company’s growth.

BanColombia provides administration and management services for financial resources and assets and helps customers and clients in achieving goals. It helps in solving investment, financing, risk management issues, and other similar requirements of clients, companies, and governments.

The company was founded by merging BIC and Banco de Colombia. Banco de Colombia was founded in 1875 and Banco Industrial Colombiano “BIC” in 1945.

Since 1981, BanColombia has been trading on the Colombian Stock Exchange and in 1995 it started to trade on the NYSE. In 1969 the company inaugurated the first credit card in Latin America and in 1985 it launched its ATMs network.

In 1999 the company launched its On-Line Office for Institutional Clients and provided the first Internet payment system in Colombia. In 2000, it established E-Card Mastercard for online purchases.