Bancolombia
Colombian financial institution
From Wikipedia, the free encyclopedia
Bancolombia S.A. (formerly: Banco de Colombia) is a full-service financial institution that provides financial products and services in Colombia, Panama and Puerto Rico. Bancolombia is one of the six banking-related companies of the COLCAP index. The Bank operates in nine segments: Banking Colombia, Banking El Salvador, Leasing, Trust, Investment, Brokerage, Off Shore and Insurance, and all other segments.
 | |
 Headquarters in Medellin | |
| Type | Sociedad Anónima |
|---|---|
| BVC: BCOLOMBIA NYSE: CIB | |
| ISIN | COT13PA00086 |
| Industry | Financial services |
| Founded | 29 January 1875 (as Banco de Colombia) |
| Headquarters | , |
Number of locations | 650 (2025) |
Area served | Colombia, Panama and Puerto Rico |
| Key people | Luis Fernando Restrepo (Chairman) Juan Carlos Mora Uríbe (CEO) |
| Products | Banking |
| Total assets | COP 264 790 billion (2025)[1] (USD 73,38 billion) |
| Total equity | COP 29 080 billion (2025)[1] (USD 8,06 billion) |
Number of employees | 23 600 (2025)[1] |
| Parent | Grupo Cibest |
| Website | Official website  |
As of December 31, 2023, the Bank's consolidated branch network consisted of 938 offices.[2] As of December 31, 2025, the bank had 16,297,225 customers.[1]
History
Bancolombia was founded on January 29, 1875 as "Banco de Colombia" in Medellín, Colombia.[3] In 1929 the bank began trading on the Bolsa de Bogotá. In 1995 the bank became the first Colombian company to trade on the New York Stock Exchange.[4]
In 1983, the Grupo Grancolombiano crisis occurred.[5] The main measure taken by the government was the nationalization of Banco de Colombia,[6] and operated as a state entity until 1994.[7]
In 1998 "Banco de Colombia" and "Banco Industrial Colombiano (BIC)" are consolidated, born in this way Bancolombia.[8]
In 2005 Bancolombia fuses with "Conavi" and "Corfinsura" to create "Grupo Bancolombia".[9]
In 2013 they acquired the operations of HSBC Bank Panama, renamed Banistmo.[10]
In 2021 Bancolombia renews its corporative image, along with all entities that conform the "Grupo Bancolombia".
In 2025, Bancolombia announced the creation of Grupo Cibest in a context of reorganization and would be its new parent company replacing Grupo Bancolombia.[11]
