New book by Larry Connors Click here Improve your trading - See how
-- Net interest income, including interest from investment securities,
totaled COP 187.9 billion in September 2009. For the nine month period
ended September 30, 2009, net interest income totaled COP 1,937.6
billion, increasing 3.0% as compared to the same period last year.
-- Net fees and income from services totaled COP 71.6 billion in September
2009. For the nine month period ended September 30, 2009, net fees and
income from services totaled COP 621.1 billion, which represents an
increase of 6.6% as compared to the same period of 2008.
-- Other operating income reached COP 6.1 billion in September 2009. For
the nine month period ended September 30, 2009, other operating income
totaled COP 234.0 billion, decreasing 46.1% as compared to the same
period last year*.
-- For the month ended September 30, 2009, net provision recoveries totaled
COP 42.7 billion. Provision charges, net of recoveries, totaled COP
435.1 billion for the nine month period ended September 30, 2009, which
represents an increase of 7.8% as compared to the same period of 2008.
-- Operating expenses totaled COP 167.7 billion in September 2009. For the
nine month period ended September 30, 2009, operating expenses totaled
COP 1,444.7 billion, increasing 11.4% as compared to the same period of
2008.
Total assets (unconsolidated) amounted to COP 38.8 trillion, gross loans amounted to COP 26.6 trillion, deposits totaled COP 25.0 trillion and Bancolombia's total shareholders' equity amounted to COP 6.4 trillion.
Bancolombia's unconsolidated level of past due loans (overdue more than 30 days) as a percentage of total loans was 3.76% as of September 30, 2009, and the coverage for past due loans was 142.17% as of the same date.
Market Share
According to ASOBANCARIA (Colombia's national banking association), BANCOLOMBIA's market share of the Colombian financial system in September 2009, was as follows: 21.0% of total net loans, 21.1% of total checking accounts, 19.5% of total savings accounts, 15.8% of time deposits and 18.5% of total deposits.
This report corresponds to the unconsolidated financial statements of Bancolombia. The numbers contained herein are subject to review by the relevant Colombian authorities. This information has been prepared in accordance with generally accepted accounting principles in Colombia and is stated in nominal terms.
* Bancolombia notes that a considerable part of other operating income comes from dividend income received from subsidiaries, which is eliminated in the consolidated results as it is an intercompany transaction. As a result, this dividend income is only recorded in Bancolombia's unconsolidated results.
SOURCE Bancolombia S.A.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.