Company Participants Laura Clavijo - Chief Economist Conference Call Participants Jitendra Singh - HSBC, Operator Please note that this conference call will include forward-looking statements, including statements related to our future performance, capital position, credit-related expenses and credit losses. All forward-looking statements, whether made in this conference call, in future filings, in press releases or verbally, address matters that involve risk and uncertainty. Consequently, there are factors ...

Company Participants Laura Clavijo - Chief Economist Conference Call Participants Yuri Fernandes - JPMorgan Chase & Co. Juan Recalde - Scotiabank Julian Ausique - Davivienda Good morning, ladies and gentlemen, and welcome to Bancolombia's Second Quarter 2023 Earnings Conference Call. My name is Alan, and I will be your operator for today's call. [Operator Instructions]. With us today is Mr. Juan Carlos Mora, Chief Executive Officer; Mr. Mauricio Rosillo, Chief Corporate Officer; Mr. Jose Humberto Acosta, Ch ...

Bancolombia S.A. (NYSE:CIB) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Carlos Gomez - HSBC Net provisions for credit losses for the quarter were COP2 trillion, equivalent to a cost of risk of 3.1% for the quarter. This represents an increase of 17.5% quarter-over-quarter, driven mainly by consumer segment deterioration as households' disposable income faces pressure on the back of high interest rates and persisting inflation. As expected, nonperforming loans reflect the rollover deterioration ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number 001-32535 Bancolombia S.A. (Translation of registrant's name into English) Cra. 48 # 26-85 Medellín, Colombia (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F þ Fo ...

| --- | --- | |-------|-------------------------------------------------------------------------| | | AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 3, 2023 | | | UNITED STATES SECURITIES AND EXCHANGE COMMISSION | | | WASHINGTON, DC 20549 | | | FORM 20-F | | --- | --- | --- | |------------------------------------|--------------------|-------------------------------------------| | Title of each Class | Trading Symbol (s) | Name of each exchange on which registered | | American Depositary Share ...

Earnings Results 3Q22 号Bancolombia 3Q22 Overview Financial Highlights • Loan book up 7.0% QoQ and 23.7% YoY • Deposits up 6.9% QoQ and 25.3% YoY • Basel III CET1 capital ratio of 10.0% and total capital ratio of 12.5% • Net income COP 1.6 trillion down 8.5% QoQ Business Update • Loan growth above expectations • Diversified funding mix. First bond issuance tied to sustainable indicators in Latin America • Strong positioning in transactions • Evolution of the strategy in technology Credit Risk • Net provision ...

Bancolombia S.A. (NYSE:CIB) Q3 2022 Earnings Conference Call November 16, 2022 8:00 AM ET Company Participants Juan Carlos Mora – Chief Executive Officer Juan Pablo Espinosa – Chief Economist Jose Humberto Acosta – Chief Financial Officer Conference Call Participants Jason Mollin – Scotiabank Andres Soto – Santander Ernesto Gabilondo – Bank of America Tito Labarta – Goldman Sachs Carlos Gomez – HSBC Julian Ausique – Davivienda Yuri Fernandes – JPMorgan Alonso Garcia – Credit Suisse Operator Good morning, la ...

Bancolombia SA (NYSE:CIB) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET Company Participants Carlos Raad - IR Director & Manager Juan Carlos Mora - President & CEO Juan Pablo Espinosa - Head, Economic Research José Humberto Acosta - CFO & VP, Finance Conference Call Participants Jason Mollin - Scotiabank Yuri Fernandes - JPMorgan Chase & Co. Ernesto Gabilondo - Bank of America Merrill Lynch Carlos Gomez - HSBC Olavo Duarte - UBS Daer Labarta - Goldman Sachs Group Carlos Raad Good morning, ladi ...

Earnings Results 1Q22 号Bancolombia 1Q22 Overview Financial Highlights • Loan book up 1% QoQ and 13% YoY • Net fees down 3% QoQ and up 15% YoY • Basel III CET1 capital ratio of 10.6% and total capital ratio of 13.5% • Net income COP 1.7 trillion up 20% QoQ Business Update • More than 25 million clients • Good performance of the commercial segment • Nequi as a separate legal entity Credit Risk • Net provision charges COP 267 billion down 79% YoY • Coverage ratio of 223% • Allowances represent 6.7% of total lo ...

Financial Data and Key Metrics Changes - The net income for the quarter was COP1.7 trillion, more than double the first quarter of 2021 [34] - Core equity closed at 10.6%, down from the previous quarter due to dividend payments [8] - Provision charges for the quarter were COP267 billion, resulting in a cost of risk of 0.5%, which is below expectations [23][34] Business Line Data and Key Metrics Changes - The loan book grew by 1% compared to the previous quarter, with a 3% growth when excluding foreign exchange impacts [14] - Net fees declined by 3% over the quarter but grew by 15% in the last 12 months [7][33] - The commercial loan portfolio grew by 2.4% compared to the previous quarter and 13% year-on-year [16] Market Data and Key Metrics Changes - The Colombian economy grew by 8.3% year-on-year from January to April 2022, driven by private demand and higher commodity prices [11] - Inflation increased from 5.6% at the end of 2021 to 9.3% year-on-year in April 2022 [12] - The Central Bank's interest rate is expected to close at 8.25% by year-end [7] Company Strategy and Development Direction - The company aims to grow its loan book by 9% to 11% for the year, with a cost-to-income ratio around 46% and ROE at 17% by year-end [35] - The company is focusing on expanding its digital payment ecosystem and has reached 11.5 million clients for its Nequi platform [9][20] - The company is committed to ESG goals, aiming to disburse COP500 trillion by 2030, with COP41 trillion targeted for 2022 [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the results for the year despite uncertainties from the presidential elections and global geopolitical conflicts [35] - The company anticipates a gradual decline in inflation to around 7.6% by year-end [7] - Management expects a normalization of the cost of risk to around 1.5% in the future [60] Other Important Information - The company has received an upgrade to double A from MSCI, placing it in the leader category of the global banking system [21] - The company is experiencing strong growth in digital sales, with digital channels representing 85% of total transactions [17] Q&A Session Summary Question: Political landscape and presidential elections impact on the financial sector - Management noted that proposals from presidential candidate Petro are not radical and may involve strengthening public banks to serve underserved segments [38] Question: Loan growth and asset quality under high interest rates - Management indicated that loan growth remains healthy, with retail loans being the most affected by inflation, but guidance for growth remains between 9% and 11% [40] Question: Long-term ROE expectations - Management maintains a long-term ROE expectation of 15% to 17% based on improved loan mix and client acquisition [41] Question: Operating expenses and talent retention - Management confirmed that operating expenses are in line with forecasts and do not expect significant deviations from the 10% growth guidance for the year [44] Question: Asset quality and NII trends - Management expects a normalization of asset quality metrics and a gradual increase in the cost of risk to around 1.5% [50][60] Question: Sensitivity of margins to interest rates - Management indicated that margins are expected to remain elevated in 2022, with a potential slight compression in 2023 as interest rates normalize [75]