News: Bancolombia SA (CIB)

CIB on New York Consolidated

59.23USD
18 Sep 2014
Price Change (% chg)

$0.23 (+0.39%)
Prev Close
$59.00
Open
$59.23
Day's High
$59.47
Day's Low
$58.85
Volume
129,579
Avg. Vol
258,786
52-wk High
$66.78
52-wk Low
$42.76

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Tue, Aug 5 2014

Bancolombia reports second-quarter net profit more than doubles

BOGOTA, Aug 5 - Colombia's biggest bank Bancolombia on Tuesday reported net profit more than doubled in the second quarter versus the same period a year earlier, on the back of an expansion of its loan portfolio and lower costs.

Fitch: Bancolombia's USD1.3B Capital Increase Helps to Recover Capital After Regional Expansion

(The following statement was released by the rating agency) NEW YORK/BOGOTA, March 20 (Fitch) Fitch Ratings views positively Bancolombia S.A.'s recent capital increase. Bancolombia (rated 'BBB/F2'/Stable Outlook) has raised COP2.6 trillion (about USD1.3 billion) in a public offering of preferred shares. The increase recovers part of the capital deployed for the acquisition of HSBC's banking and insurance operations in Panama and has no impact on the ratings of Bancolombia and/or its subsid

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