Causa y garantía fiduciaria (Spanish Edition)

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The Bank is required to comply with applicable anti-money laundering, anti-terrorism laws and other regulations. While the Bank has adopted policies and procedures aimed at detecting and preventing the use of its banking network for money laundering activities and by terrorists and terrorist-related organizations and individuals generally, such policies and procedures have in some cases been adopted only recently and may not completely eliminate the risk that the Bank may be used by other parties to engage in money laundering and other illegal or improper activities.

If the Bank fails to fully comply with applicable laws and regulations, it may face fines and other penalties, including restrictions on its ability to conducts business. The Bank is subject to increasing competition which may adversely affect its results of operations.

The Bank operates in a highly competitive environment and increased competitive conditions are to be expected in the jurisdictions where the Bank operates. Intensified merger activity in the financial services industry produces larger, better capitalized and more geographically diverse firms that are capable of offering a wider array of financial products and services at more competitive prices.

Downgrades in our credit ratings would increase our cost of borrowing funds and make our ability to raise new funds, attract deposits or renew maturing debt more difficult. Our credit ratings are an important component of our liquidity profile, and our ability to successfully compete depends on various factors, including our financial stability as reflected by our credit ratings.

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A downgrade in our credit ratings would increase our cost of raising funds from other banks or in the capital markets. Purchase of our securities by institutional investors could be reduced if we suffer a decline in our local credit rating. Our ability to renew maturing debt could become restricted and the terms for such renewal more expensive if our credit rating were to decline. Our lenders and counterparties in derivative transactions are sensitive to the risk of a credit rating downgrade.

A downgrade in our credit rating may adversely affect perception of our financial stability and our ability to raise deposits, which could make us less successful when competing for deposits and loans in the market place.

The Central Bank may impose certain mandatory deposit requirements in connection with foreign currency denominated loans obtained by Colombian residents, including the Bank, although no such mandatory deposit requirement is currently in effect. We cannot predict or control future actions by the Central Bank in respect of deposit requirements, which may involve the establishment of a mandatory deposit percentage, and the use of such measures by the Central Bank may raise our cost of raising funds and reduce our financial flexibility.

These rights are called preemptive rights. The Bank is obligated to file a registration statement or find a corresponding exemption only if it determines to extend the rights to holders of the ADRs. Although the Bank is not obligated to, it intends to consider at the time of any rights offering the costs and potential liabilities associated with any such registration statement, the benefits to the Bank from enabling the holders of the ADRs to exercise those rights and any other factors deemed appropriate at the timebefore it makes a decision as to whether to file a registration statement.

Accordingly, the Bank may in some cases decide not to file a registration statement. For example, in connection with its recent rights offering in January , the Bank did not file such a registration statement. Under the deposit agreement between the Bank and the Depositary, only the Depositary is entitled to exercise preemptive rights, and the Depositary has no obligation to make available preemptive rights to holders of ADRs.

If the Bank offers or causes to be offered to the holders of any deposited securities, including preferred shares of the Bank, any rights to subscribe for additional preferred shares of the Bank or any rights of any other nature, the Depositary has discretion as to the procedure to be followed in making such rights available to any holders of ADRs or in disposing of such rights on behalf of any holders of ADRs and making the net proceeds available to such holders of ADRs.

If by the terms of such rights offering or for any other reason, the Depositary may not either make such rights available to any holders of ADRs or dispose of such rights and make the net proceeds available to such holders of ADRs, Then the Depositary will allow the rights to lapse. Whenever the rights are sold or lapse, the equity interests of the holders of ADRs will be proportionately diluted. Additional Information — B. If the Bank makes a distribution to holders of underlying shares in the form of securities, the Depositary is allowed, in its discretion, to sell those securities on behalf of ADR holders and instead distribute the net proceeds to the ADR holders.

Also, even in those limited instances in which the preferred shares represented by the ADRs have the power to vote, under some circumstances, ADR holders may not be able to vote by giving instructions to the depositary. This may occur if ADR holders do not receive from the Depositary a notice of meeting sufficiently prior to the instruction date to ensure that the Depositary will vote the preferred shares represented by the ADRs in accordance with instructions received from such holders.

There are no circumstances in which holders of ADRs may vote in a way other than providing instructions to the Depositary.

Relative illiquidity of the Colombian securities markets may impair the ability of an ADR holder to sell preferred shares. In addition, a small number of issuers represent a disproportionately large percentage of market capitalization and trading volume on the Colombian Stock Exchange. A limited trading market could impair the ability of an ADR holder to sell preferred shares obtained upon withdrawal of such shares from the ADR facility on the Colombian Stock Exchange in the amount and at the price and time such holder desires, and could increase the volatility of the price of the ADRs.

ADRs do not have the same tax benefits as other equity investments in Colombia. Additional Information. In , the Bank merged with Banco de Colombia S. On July 30, , Conavi and Corfinsura merged with and into Bancolombia, with Bancolombia as the surviving entity. Through this merger, Bancolombia gained important competitive advantages, as Conavi and Corfinsura were two of the top financial institutions in the Colombian market at the time.

Through its first international acquisition, Bancolombia gained a leadership position in the Salvadorian market. Bancolombia paid a purchase price of USD 2, million. Bancolombia has grown substantially over the years, both through organic growth and acquisitions. COP , billion in total assets;. COP , billion in total net loans and financial leases;.

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COP 95, billion in total deposits; and. Preferred shares public offering. On March 12, , the Bank completed an offering of million preferred shares offered to the public in Colombia at a subscription price of COP 24, per preferred share. The net proceeds amounted to approximately COP 2, billion. Senior notes redemption. On September 10, , the Bank completed the redemption process of its USD million senior notes due , pursuant to its option to redeem in full in accordance with the indenture under which the senior notes were issued.

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Subordinated notes offering. On September 24, , the Bank issued a total aggregate amount of COP , million of subordinated notes in a public offering made exclusively in Colombia, of which COP , million were subordinated notes due , COP , million were subordinated notes due , and COP , million were subordinated notes due Assignment to, and assumption by, the Bank of all the assets, liabilities and commercial agreements of Factoring Bancolombia. On October 15, , Factoring Bancolombia completed the transfer of all of its assets, liabilities and commercial agreements to Bancolombia S.

Pursuant to the transaction, Factoring Bancolombia assigned to Bancolombia assets and contracts with an aggregate value of COP , million, and Bancolombia assumed liabilities of Factoring Bancolombia with an aggregate value of COP , million. The difference between the value of the assets and contracts assigned and the value of the liabilities assumed, in a total amount of COP 87, million, was paid by Bancolombia to Factoring Bancolombia in cash. Disposal of Seguros Banistmo. On February 23, , Banistmo entered into an agreement with Suramericana S. Strengthening of the organizational structure.

On April 24, Bancolombia announced the following changes in its organizational structure:. The Corporate Services Vice-Presidency will consolidate under the same management team the corporate procedures, technology services and human resources. During , total capital expenditures amounted to COP 86 billion.


In , Bancolombia funded its capital expenditures with its own resources and plans to continue to fund those currently in progress in the same manner. During , total capital expenditures amounted to COP 80 billion. During , total capital expenditures excluding interest in other companies amounted to COP billion. No assurance can be given, however, that all such capital expenditures will be made and, if made, that such expenditures will be in the amounts currently expected. Bancolombia is a full service financial institution that offers a wide range of banking products and services to a diversified individual and corporate customer base of more than 9 million customers. Bancolombia and its subsidiaries offer the following products and services:. Savings and Investment: The Bank offers its customers checking accounts, savings accounts, fixed term deposits and a diverse variety of investment products that fit the specific transactional needs of each client and their income bracket.

The Bank also offers its clients and users the service of tax collection in all its branches, and through electronic channels.

Tratamiento contable de una fiducia en garantí

Ahorro a la Mano : This is a mobile phone based savings account specially designed to attend low income clients and unbanked people. Financing: The Bank offers its customers a wide range of credit alternatives which include: trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal loans, vehicle loans, payroll loans and overdrafts, among others. Mortgage Banking : The Bank is a leader in the mortgage market in Colombia, providing full financial support to construction firms and mortgages for individuals and companies.

Factoring: Bancolombia offers its clients solutions for handling their working capital and maximizing their assets turnover through comprehensive solutions to manage their accounts receivable financing. Financial and Operating Leases: The Bank, primarily through Leasing Bancolombia and its subsidiaries, offers financial and operating leases specifically designed for acquiring fixed assets. Capital Markets: The Bank assists its clients in mitigating market risk through hedging instruments such as, futures, forwards, options and swaps. The Bank also performs inter-bank lending, repurchase agreements repos , foreign exchange transactions, as well as sovereign and corporate securities sales and trading.

The Bank offers its clients direct access to local and international capital markets through a full range of Brokerage and Investment Advisory Services that cover equities and fixed income securities, proprietary and third party asset management products, such as Mutual Funds, Private Equity Funds, and Privately Managed Investment Accounts for institutional, corporate and private bank clients.

Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)
Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)
Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)
Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)
Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)
Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)
Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)
Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)
Causa y garantía fiduciaria (Spanish Edition) Causa y garantía fiduciaria (Spanish Edition)

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