Bancolombia SA

Type: Company
Name: Bancolombia SA (BanColombia S.A)
First reported 5 hours ago - Updated 5 hours ago - 1 reports

Aval Gains as Consumer Loan Growth Bolsters Profit: Bogota Mover

Grupo Aval Acciones y Valores SA jumped to a record after posting a 33 percent quarterly profit increase on what Credicorp Capital called a "good performance" in consumer lending.Preferred shares in the banking group controlled by billionaire Luis Carlos ... [Published BusinessWeek - 5 hours ago]
First reported May 16 2013 - Updated May 17 2013 - 1 reports

Fitch Reviews HSBC Latin American Subsidiaries

Fitch Ratings has taken various rating actions on the Latin America subsidiaries of HSBC Holdings plc (HSBC), following the May 15, 2013 review of HSBC's Long-term Issuer Default Rating (IDR) and Viability Rating (VR). The rating actions on HSBC's Latin ... [Published Zecco - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

HSBC plans to cut 14,000 jobs to save up to $3 bn by 2016

Global banking giant HSBC Holdings Plc said yesterday that the group plans to achieve additional $2 to $3 billion in cost reduction by 2016, in continuation of its strategic plan outlined two years ago.The massive cost savings plan would include cutting ... [Published domain-b - May 16 2013]
First reported May 15 2013 - Updated May 16 2013 - 1 reports

HSBC Plans More Job Cuts in Effort to Save Up to $3 Billion

LONDON – After two years of far-reaching cost cuts and asset sales, HSBC said on Wednesday that it planned to find an additional $2 billion to $3 billion in cost savings by 2016 that will include the elimination of as many as 14,000 jobs.In a meeting ... [Published New York Times - May 15 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

Banking - Colombia - Bancolombia raises Colombia's 2013 GDP growth estimate

Colombia's largest bank Bancolombia (NYSE: CIB) has revised its 2013 GDP growth estimate for the country to 4.2% from 4.0%, given the expected impact of the government's recently announced productivit... ... [Published Business News Americas - May 15 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Banco Santander Chile's Recent Sell Down Represents A Buying Opportunity For Investors

Spains Banco Santander (SAN)Company profileBanco Santander Chile is Chile's largest bank by total assets and shareholders' equity. At the end of the first quarter 2013, the bank had total assets of $52.4 billion, with loans net of allowances outstanding ... [Published Seeking Alpha - May 14 2013]
First reported May 10 2013 - Updated May 10 2013 - 1 reports

Banking - Colombia - Deutsche Bank foresees pressure on Bancolombia's NIM

Despite beating earnings estimates in 1Q13, downward pressure on Bancolombia's net interest margin (NIM) will affect returns in the rest of the year, Deutsche Bank said in a ratings report."Manag... ... [Published Business News Americas - May 10 2013]
First reported May 08 2013 - Updated May 09 2013 - 2 reports

Colombia's Colcap Falls on Bancolombia Shares; Peso Retreats

Colombian stocks declined Wednesday, pushed lower by banking shares, while the peso weakened slightly against the dollar. ... [Published FOXBusiness.com - May 08 2013]
First reported May 08 2013 - Updated May 08 2013 - 1 reports

Banking - Colombia - Bancolombia beats earnings estimates in Q1 on higher investment income

Bancolombia (NYSE: CIB) reported net income of 493bn pesos (US$270mn) in 1Q13, up 11% compared to the same year-ago quarter, as the appreciation of Colombian public debt instruments led to unusually h... ... [Published Business News Americas - May 08 2013]
First reported May 02 2013 - Updated May 03 2013 - 2 reports

BANCOLOMBIA S.A.: Colombia's Colcap Index Climbs on Bancolombia; Peso Weakens

BOGOTA--Colombia's main stock index rose Thursday, pushed higher by banking shares, while the peso appreciated against the dollar.The Colcap index, Colombia's benchmark stock index, rose 0.64% to end the day at 1695.64 points. The index is down 7.48% ... [Published 4 Traders - May 02 2013]
First reported May 03 2013 - Updated May 03 2013 - 1 reports

Bancolombia S.A. (ADR) (CIB): Are Hedge Funds Right About This Stock?

Bancolombia S.A. (ADR) (NYSE: CIB ) was in 5 hedge funds’ portfolio at the end of December. CIB shareholders have witnessed a decrease in enthusiasm from smart money lately. There were 7 hedge funds in our database with CIB holdings at the end of the ... [Published InsiderMonkey.com - May 03 2013]
First reported Apr 22 2013 - Updated Apr 22 2013 - 1 reports

Santander Predicts Bancolombia’s Profit Declined on Loan Losses

Bancolombia SA (PFBCOLO), Colombia’s largest bank, may report a decline in first-quarter net income amid rising loan delinquencies, according to Banco Santander SA.Net income in the quarter will be 434 billion pesos, down from 446 billion a year earlier, ... [Published BusinessWeek - Apr 22 2013]

Quotes

The first quarter results confirm Aval "as the most profitable financial conglomerate in our banking coverage" Juan C Dominguez, an analyst at Credicorp Capital’s Colombia unit, wrote today in a note to clients...
The affirmation of HSBC Bank Chile) "s Long-term IDR is in conjunction with the affirmation of HSBC. HSBC Bank Chile)" s IDRs are supported by HSBC, primarily reflecting its importance to the group. As such, HSBC Bank Chile) IDRs will move in tandem with HSBC's...
"We are confident that these measures will deliver consistent and superior financial results and move us closer to achieving our ambition of being the world's leading international bank" Gulliver said
"There is money with links to the FARC, (Mexican drug boss) Chapo Guzman, the (criminal group) Oficina de Envigado, among others. The investigations are ongoing, and we could see some arrests that may lead to extraditions in relation to these activities" Gaviria said

More Content

All (67) | News (42) | Reports (3) | Blogs (7) | Audio/Video (0) | Fact Sheets (2) | Press Releases (13)
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Aval Gains as Consumer Loan Growth Bolsters Pro... [Published BusinessWeek - 5 hours ago]
SADIF Analytics releases new rating update repo... [Published PR inside - 15 hours ago]
Fitch Reviews HSBC Latin American Subsidiaries [Published Zecco - May 16 2013]
HSBC plans to cut 14,000 jobs to save up to $3 ... [Published domain-b - May 16 2013]
Banking - Colombia - Bancolombia raises Colombi... [Published Business News Americas - May 15 2013]
HSBC Plans More Job Cuts in Effort to Save Up t... [Published New York Times - May 15 2013]
New Market Report: Credit Cards in Colombia [Published Live-PR.com - May 15 2013]
Colombia's Colcap Rises Slightly on Banking Sha... [Published Capital.gr - May 14 2013]
Banco Santander Chile's Recent Sell Down Repres... [Published Seeking Alpha - May 14 2013]
New Market Research Report: Debit Cards in Colo... [Published Live-PR.com - May 13 2013]
Banking - Colombia - Deutsche Bank foresees pre... [Published Business News Americas - May 10 2013]
Colombian finmin suspects brokerage Interbolsa ... [Published Reuters - May 09 2013]
Colombia stock exchange to promote itself in Ne... [Published Colombia Reports - May 09 2013]
Colombia's Colcap Falls on Bancolombia Shares; ... [Published FOXBusiness.com - May 08 2013]
Colombia's Colcap Falls on Bancolombia Shares; ... [Published Global Finance Magazine - May 08 2013]
Banking - Colombia - Bancolombia beats earnings... [Published Business News Americas - May 08 2013]
Now Is the Time to Invest in Colombia [Published Motley Fool - May 07 2013]
HSBC Q1 profit up on falling bad debts, costs [Published WBP Online - May 07 2013]
Peru's Credicorp Continues To Perform Strongly ... [Published Seeking Alpha - May 06 2013]
Bancolombia S.A. (ADR) (CIB): Are Hedge Funds R... [Published InsiderMonkey.com - May 03 2013]
BANCOLOMBIA S.A.: Colombia's Colcap Index Climb... [Published 4 Traders - May 02 2013]
Colombia's Colcap Index Climbs on Bancolombia; ... [Published Global Finance Magazine - May 02 2013]
Top 4 Large-Cap Stocks In The Foreign Regional ... [Published Benzinga.com - Apr 30 2013]
Colombia mulling more peso steps within limited... [Published The Gulf Today - Apr 27 2013]
Total M&A activity involving UK firms falls 14%... [Published Business Credit Management - Apr 25 2013]
Total M&A activity involving UK firms falls 14%... [Published Fresh Business Thinking - Apr 25 2013]
UPDATE: BBVA Sells Peruvian Pension Unit to Sur... [Published Global Finance Magazine - Apr 23 2013]
Colombia's Grupo Sura Buys Stake in Peruvian Pe... [Published Global Finance Magazine - Apr 23 2013]
Fitch Affirms Banco Agricola's IDR at 'BBB-'; O... [Published Business Wire - Apr 23 2013]
Santander Predicts Bancolombia’s Profit Decline... [Published BusinessWeek - Apr 22 2013]
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Blogs

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Potential leak of data: MasterCard Credit Card [Published LeakedIn - Apr 08 2013]
Detected 399 occurrence(s) of ‘\s+5[1-5][0-9]{14}\s+’: 0320 12 2007 816 none VSB INTERNATIONAL B.V. none NL 0 MASTER CARD gary ginzl 5490354537108364 10 2007 789 none Unknown none 0 MASTER CARD Steve Nevil 5466283081900498 5 2007 725 DELETED none Unknown ...
Here’s All the Top Mega-Financial Stock Stories... [Published Wall St. Cheat Sheet - Mar 10 2013]
Here’s your Cheat Sheet to this week’s top financial industry business headlines: HSBC ( NYSE:HBC ) released its earnings report for fiscal year 2012 early Monday morning, and despite a wide range of positive results, there was a significant showing ...
How Did HSBC Fare Amid Money Laundering in 2012? [Published Wall St. Cheat Sheet - Mar 04 2013]
HSBC ( NYSE:HBC ) released its earnings report for fiscal year 2012 early Monday morning, and despite a wide range of positive results, there was a significant showing of decline. For the year, Britain’s largest bank showed pre-tax profits of $20.65 ...
Frontrunning: February 20 [Published Zero Hedge - Feb 20 2013]
Office Depot Agrees to Buy Officemax for $13.50/Shr in Stock Bulgarian Government Resigns Amid Protests ( WSJ ) Rome will burn, regardless of Italian election result ( Reuters ) Abe Says No Need for Foreign Bond Buys Under New BOJ Chief ( BBG ) Rhetoric ...
Potential Bancolombia (CIB) Trade Has $68.50 Br... [Published MarketIntelligenceCenter.com - Feb 04 2013]
Bancolombia (NYSE: CIB) closed Friday's trading session at $70.50. In the past year, the stock has hit a 52-week low of $53.78 and 52-week high of $70.59. Bancolombia (CIB) stock has been showing support around $69.55 and resistance in the $70.99 range. ...
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Press Releases

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SADIF Analytics releases new rating update repo... [Published PR inside - 15 hours ago]
Fitch Affirms Banco Agricola's IDR at 'BBB-'; O... [Published Business Wire - Apr 23 2013]
BANCOLOMBIA S.A. Reports Consolidated Net Incom... [Published Financial Services - Mar 04 2013]
Fitch Affirms Bancolombia at 'BBB'; Outlook Stable [Published Business Wire Professional Services News - Feb 26 2013]
Bancolombia met en service la plateforme MX.3 d... [Published PR Newswire: Business Technology - Jan 23 2013]
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