Bancolombia S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 05:10 pm EDT
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Bancolombia S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was COP 4,965,982 million compared to COP 4,338,871 million a year ago. Net income was COP 1,460,491 million compared to COP 1,779,695 million a year ago. Basic earnings per share from continuing operations was COP 1,518.46 compared to COP 1,850.33 a year ago.
For the six months, net interest income was COP 10,347,720 million compared to COP 8,044,915 million a year ago. Net income was COP 3,177,268 million compared to COP 3,511,553 million a year ago. Basic earnings per share from continuing operations was COP 3,303.37 compared to COP 3,650.92 a year ago.
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. 
