Bancolombia : announces authorization to acquire the assets, liabilities and contracts of Factoring Bancolombia S.A.
September 15, 2014 at 06:37 pm EDT
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RESOLUTIONS FROM THE SUPERINTENDENCY OF FINANCE
BANCOLOMBIA S.A. ANNOUNCES AUTHORIZATION TO ACQUIRE THE ASSETS, LIABILITIES AND CONTRACTS OF FACTORING BANCOLOMBIA S.A.
Medellín, Colombia, September 3, 2014
Bancolombia S.A. ("Bancolombia") announces that, pursuant to resolution N° 1464 issued on August 26, 2014, and notified today, the Colombian Superintendency of Finance (Superintendencia Financiera de Colombia) authorized the transfer by Factoring Bancolombia S.A. of all its assets, liabilities and contracts to Bancolombia , its parent company.
The closing of this operation is expected to occur in October 2014.
Contacts
Jaime A. Velásquez Strategy and Finance VP Tel.: (574) 4042199
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.