News: Bancolombia SA (CIB)

CIB on New York Consolidated

63.42USD
21 May 2013
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$0.07 (+0.11%)
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Tue, Feb 19 2013

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Colombia's Bancolombia to buy HSBC Panama for $2.1 billion

BOGOTA - Bancolombia SA , Colombia's largest lender by assets, agreed to purchase HSBC Bank SA Panama for $2.1 billion, the most ever paid by a local bank and the latest in an expansion wave by financial entities into Latin America.

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UPDATE 4-Colombia's Bancolombia to buy HSBC Panama for $2.1 bln

BOGOTA, Feb 19 - Bancolombia SA, Colombia's largest lender by assets, agreed to purchase HSBC Bank SA Panama for $2.1 billion, the most ever paid by a local bank and the latest in an expansion wave by financial entities into Latin America.

Colombia's Bancolombia to buy HSBC Panama for $2.1 billion

BOGOTA, Feb 19 - Colombia's Bancolombia has agreed to purchase HSBC Bank S.A. in Panama for $2.1 billion, the company said in a filing to local regulators on Tuesday. (Reporting by Bogota Newsroom; Editing by Lisa Von Ahn)

Bancolombia to seek shareholder approval to issue new shares

BOGOTA, Feb 11 - Colombia's biggest financial entity, Bancolombia, will seek shareholder approval to issue new non-voting shares that carry a preferential dividend, the bank said in a filing with the financial regulator.

Colombia's Bancolombia expands operations into Guatemala

BOGOTA, Dec 18 - Colombia's Bancolombia agreed to buy a 40 percent stake in Grupo Agromercantil Holding with operations Guatemala and is planning to acquire complete control in the medium term, the company said on Tuesday.

TEXT-S&P rates Bancolombia Panama SA 'BBB-/A-3'

Overview -- We consider Panama-based Bancolombia Panama S.A. to be a core entity to its operating holding company, Bancolombia S.A. y Companias Subordinadas. -- We are assigning our long-term 'BBB-' and short-term 'A-3' issuer credit ratings to Bancolombia Panama. The outlook is positive. -- We expect Bancolombia Panama to remain a core entity for the group, continue with its healthy financial performance, and remain an integral part of Bancolombia S.A.'s overall group strateg

TEXT-S&P rates Bancolombia SA 'BBB-/A-3', outlook positive

Overview -- Colombia-based universal bank, Bancolombia S.A., has a leading market position within the Colombian financial system and has demonstrated adequate asset quality. Nonetheless, its risk-adjusted capital ratio is only moderate. -- We are assigning our long-term 'BBB-' and short-term 'A-3' issuer credit ratings to Bancolombia. The outlook is positive. -- We expect the bank to keep its strong market position in Colombia coupled with moderate capitalization and adequate ea

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