Bancolombia S A : October 5, 2020, Grupo Bancolombia Announces Gradual Closure of its Bancolombia Cayman Operations.
October 06, 2020 at 01:15 pm EDT
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GRUPO BANCOLOMBIA ANNOUNCES GRADUAL CLOSURE OF ITS BANCOLOMBIA
CAYMAN OPERATIONS
Medellin, Colombia, October 5, 2020
Bancolombia announces that the Board of Directors of its subsidiary Bancolombia Panama has approved the gradual closure of its Cayman operations.
For this purpose, Bancolombia will implement a plan to migrate the portfolio and customer service operations of its subsidiary in Cayman Islands to Bancolombia Panama, Bancolombia Sucursal Panama and Bancolombia Puerto Rico, with support from the respective commercial teams.
This decision has been made in line with Grupo Bancolombia's intention to concentrate its international strategy in other markets. The closure process will be gradually executed and will be completed in the last quarter of 2021.
Contacts
Mauricio Rosillo Rojas
Jose Humberto Acosta
Carlos Raad Baene
Corporate VP
Financial VP
IR Director
Tel: (571) 4885675
Tel.: (571) 4885934
Tel.: (571) 4885371
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Bancolombia SA published this content on 05 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2020 17:14:08 UTC
Bancolombia S.A. (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. It delivers its products and services through its regional network comprising Colombia's non-Government owned banking network, El Salvador's financial conglomerate by gross loans, Guatemala's bank, Panama's bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.
BANCOLOMBIA S.A. 
