Bancolombia SA operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Bancolombia SA with three other
companies in this sector in Colombia:
Grupo Bolivar SA
sales of 13.82 trillion Colombian Pesos [US$4.66 billion]
of which 63%
was Davivienda Bank),
Grupo Aval Acciones y Valores S.A.
(25.95 trillion Colombian Pesos [US$8.74 billion]
of which 71%
was Banco Bogota), and
Banco De Bogota
(16.10 trillion Colombian Pesos [US$5.43 billion]
Bancolombia SA reported sales of 20.49 trillion Colombian Pesos (US$6.90 billion)
December of 2016.
increase of 31.0%
versus 2015, when the company's sales were 15.64 trillion Colombian Pesos.
Sales at Bancolombia SA have increased during each of the previous five years
(and since 2011, sales have increased a total of 144%).
Sales of Adjustments and Eliminations saw an increase
that was more than double the company's growth rate: sales were up
13,149.2% in 2016, from
3.78 billion Colombian Pesos to 500.55 billion Colombian Pesos.
Bancolombia SA also saw significant increases in sales in
Banking Colombia (up 52.6% to 11.59 trillion Colombian Pesos)
Off Shore (up 51.8% to 442.11 billion Colombian Pesos)
All Other Segments (up 1,149.4% to 30.30 billion Colombian Pesos)
Not all segments of Bancolombia SA experienced an increase in sales in 2016:
sales of Investment Banking fell 52.6% to 136.00 million Colombian Pesos.
(However, this segment's sales were only a very small portion of the company's overall sales).
Bancolombia SA also experienced decreases in sales in
Brokerage (down 18.9% to 17.16 billion Colombian Pesos)