Management Report

2024

It includes the periodic report for the end of the 2024 fiscal year, a one-year journey defined by the trust our related groups gave us.

Letter
from the CEO

Juan Carlos Mora, President.

“I want you to think of Bancolombia as an agent of development, who responds to all related groups’ trust”.

About us

We are a group with 150 years of experience and a team of 34,000 people committed to fostering sustainable development for the well-being of all.

This is how we foster sustainable development.

We support countries whose initiatives represent economic development and quality of life for people.

Real solutions for housing

We work to ensure more people have dignified housing.
We promote construction for its impact on other economic activities.

50,000 families accessed housing through Bancolombia loans.

We benefited almost 19,000 families with the reduction in housing rates.

In our Sustainable Line, we lent COP 1.6 trillion.

This year, we disbursed COP 7 trillion for purchasing homes.

We explore other segments beyond traditional banking

‎ 

‎ 

The cryptocurrency company builds bridges between traditional finance and the digital economy.

More than 30,600 businesses trust Wompi for their physical and digital sales.

Through Nequi, we provided more than 502,000 loans totaling COP 784 billion.

Supporting the country from its foundations

We promote sectors with great impact on the productive apparatus and the development of our societies.

We serve more than 700,000 small and medium-sized businesses in Colombia, Panama, Guatemala, and El Salvador.

We support more than 270,000 customers in this segment.

We granted COP 13.5 trillion in loans, including the Finagro portfolio.

Business with purpose

Disbursements in 2024.

‎ 

Colombia
COP 45.9 trillion.

Panamá
USD 1.743 billion.

El Salvador
USD 1.535 billion.

Guatemala
USD 1.518 billion.

Diversity, Equity, and Inclusion

 

‎ 

We disbursed more than COP 4.8 trillion in loans for women in Colombia.

We strengthened our DEI community with more than
100 suppliers.

We are the ally of more than
8.96 million women in Colombia.

We support more than
1.2 million people in Central America.

Key figures

The data submitted is as of 31 December 2024, including consolidated data of Bancolombia, Bam, Banistmo, and Bancoagrícola, among others.

COP

263.2

trillion

Net Cash

COP

279.5

trillion

Deposit

COP

44.5

trillion

Capital Resources

COP

372.2

trillion

Assets

COP

6.3

trillion

Net Profit

34,114

Employees

23,905

Suppliers

33.4

million

total customers

trazo-gestion-destacada

Our most outstanding management

Discover the most relevant highlights of 2024

We supported the countries in which we operated in key areas such as agriculture, inclusion, and diversity.

January

Bancolombia advertised the launch of two 100% virtual cards, a Credit and Debit Card.

February

Transfers from Bancolombia to Nequi will be free and limitless for all savings account plans.

March

To support Colombian families, Bancolombia reduced its rate for Public and Non-Public Housing financing.

April

Fiduciaria Bancolombia achieved the financial structuring for the construction of Bogotá’s first metro line.

May

Wenia was founded. The new crypto-assets company of Bancolombia Group, aimed at bridging traditional finance and the digital economy.

June

Bancolombia announced the new issuance of subordinated bonds for USD 800 million in the international market.

July

Bancolombia made a historic reduction in the rates of all its housing financing options.

August

Bancolombia Capital celebrated its second year with over USD 700 million assets under management.

September

Bancolombia started the renewal of its specialized channels for business: SMEs, the first beneficiaries.

October

Bancolombia Group announced a process for its corporate evolution to Cibest Group.

November

Bancolombia Group became the main supplier of capital for solar energy in Colombia.

December

Bancolombia was recognized as the most sustainable bank in America in the Dow Jones Sustainability Index.

January

Bancolombia advertised the launch of two 100% virtual cards, a Credit and Debit Card.

February

Transfers from Bancolombia to Nequi will be free and limitless for all savings account plans.

March

To support Colombian families, Bancolombia reduced its rate for Public and Non-Public Housing financing.

April

Fiduciaria Bancolombia achieved the financial structuring for the construction of Bogotá’s first metro line.

May

Wenia was founded. The new crypto-assets company of Bancolombia Group, aimed at bridging traditional finance and the digital economy.

June

Bancolombia announced the new issuance of subordinated bonds for USD 800 million in the international market.

July

Bancolombia made a historic reduction in the rates of all its housing financing options.

August

Bancolombia Capital celebrated its second year with over USD 700 million assets under management.

September

Bancolombia started the renewal of its specialized channels for business: SMEs, the first beneficiaries.

October

Bancolombia Group announced a process for its corporate evolution to Cibest Group.

November

Bancolombia Group became the main supplier of capital for solar energy in Colombia.

December

Bancolombia was recognized as the most sustainable bank in America in the Dow Jones Sustainability Index.