Bancolombia S A : September 9, 2020, BANCOLOMBIA S.A. ANNOUNCES SANCTION BY THE SUPERINTENDENCE OF FINANCE OF COLOMBIA.
September 11, 2020 at 03:15 am EDT
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BANCOLOMBIA S.A. ANNOUNCES SANCTION BY THE SUPERINTENDENCE OF FINANCE
OF COLOMBIA
Medellín, Colombia, September 9, 2020
BANCOLOMBIA S.A. ("BANCOLOMBIA") announces the imposition of a fine by the Superintendence of Finance of Colombia for COP $17,556,060 (approximately USD 4,600*). The sanction resulted from a failure to comply with financial consumer protection duties with respect to one of our clients.
Bancolombia has filed an appeal against this decision.
*Market representative rate: USD 1 = COP $3,757
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 09 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 07:14:09 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. 
