Feature News

MEDELLIN, Colombia, Aug. 12 /PRNewswire-FirstCall/ -- Bancolombia S.A. ("Bancolombia") (CIB) reported unconsolidated net income of Ps. 64.1 billion for the month ended July 31, 2009. Net income for Bancolombia on an unconsolidated basis totaled Ps. 619.2 billion for the first seven months of 2009, decreasing 7.6% as compared to the same period last year.

-- Net interest income, including interest from investment securities, totaled Ps. 199.6 billion in July 2009. For the seven month period ended July 31, 2009, net interest income totaled Ps. 1,561.1 billion, increasing 8.7% as compared to the same period last year.

-- Net fees and income from services totaled Ps. 72.6 billion in July 2009. For the seven month period ended July 31, 2009, net fees and income from services totaled Ps. 484.5 billion, which represents an increase of 9.0% as compared to the same period of 2008.

-- Other operating income totaled Ps. 14.0 billion in July 2009. For the seven month period ended July 31, 2009, other operating income totaled Ps. 203.2 billion, decreasing 52.9% as compared to the same period last year.

-- Net provisions charges totaled Ps. 42.8 billion in July 2009. Net provisions totaled Ps. 433.6 billion for the seven month period ended July 31, 2009, which represents an increase of 25.8% as compared to the same period of 2008.

-- Operating expenses totaled Ps. 156.4 billion in July 2009. For the seven month period ended July 31, 2009, operating expenses totaled Ps. 1,120.1 billion, increasing 12.1% as compared to the same period of 2008.

Total assets (unconsolidated) amounted to Ps. 40.4 trillion, gross loans amounted to Ps. 28.3 trillion, deposits totaled Ps. 27.1 trillion and Bancolombia's total shareholders' equity amounted to Ps. 6.1 trillion.

Bancolombia's unconsolidated level of past due loans (overdue more than 30 days) as a percentage of total loans was 3.57% as of July 31, 2009, and the coverage for past due loans was 145.3% as of the same date.

Market Share

According to ASOBANCARIA (Colombia's national banking association), BANCOLOMBIA's market share of the Colombian financial system as of July 2009 was as follows: 21.9% of total net loans, 21.0% of total checking accounts, 20.8% of total savings accounts, 17.8% of time deposits and 19.7% 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.

    Contact:

    Sergio Restrepo
    Executive VP
    Tel.: (574) 4041424

    Jaime A. Velasquez
    Financial VP
    Tel.: (574) 4042199

    Juan Esteban Toro
    IR Manager
    Tel.: (574) 4041837