-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GavcdWvLZcAgPrv9S/OegIFliNKrNd62OMSs1AASEh3mVbLWAk4hwzv4zYZPTO8f s8o46FIeIJBKbEQ62IO7zQ== 0000950123-05-010158.txt : 20050822 0000950123-05-010158.hdr.sgml : 20050822 20050822060055 ACCESSION NUMBER: 0000950123-05-010158 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050812 FILED AS OF DATE: 20050822 DATE AS OF CHANGE: 20050822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANCOLOMBIA SA CENTRAL INDEX KEY: 0001071371 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: F8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32535 FILM NUMBER: 051039733 BUSINESS ADDRESS: STREET 1: CARRERA 52 #50-20 STREET 2: CALLE 50 #51-66 CITY: MEDELLIN STATE: F8 ZIP: 00000 BUSINESS PHONE: 5745108866 MAIL ADDRESS: STREET 1: CARRERA 52 #50-20 STREET 2: CALLE 50 #51-66 CITY: MEDELLIN STATE: F8 ZIP: 00000 6-K 1 y11449ee6vk.txt FORM 6-K CONFORMED COPY SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1933 For the month of August 2005 BANCOLOMBIA S.A. ---------------- (Translation of Registrant's name into English) Calle 50 No. 51-66 Medellin, Colombia ------------------ (Address of principal executive offices) (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) Form 20-F X Form 40-F ----------- ----------- (Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.) Yes No X ----------- ------------ (If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-______________.) This Report on Form 6-K shall be incorporated by reference into the registrant's registration statement on Form F-3 (File No. 001-32535). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BANCOLOMBIA S.A. (Registrant) Date: August 12, 2005 By /s/ JAIME ALBERTO VELASQUEZ B. ---------------------------------- Name: Jaime Alberto Velasquez B. Title: Vice President of Finance (BANCOLOMBIA LOGO) (CIB LISTED NYSE LOGO) BANCOLOMBIA REPORTS UNCONSOLIDATED NET INCOME OF PS $413.990 MILLION DURING THE FIRST SEVEN MONTHS OF 2005 MEDELLIN, COLOMBIA. AUGUST 12, 2005 BANCOLOMBIA reported accumulated unconsolidated net income of Ps $413.990 million as of July 31, 2005. For the first seven months of 2005, the total net interest, including investment securities amounted to Ps$906.704 million. Additionally, total net fees and income from services amounted to Ps $306.925 million. Total assets amounted to Ps 22.5 trillion in July 2005, total deposits totaled Ps 13.2 trillion and BANCOLOMBIA's total shareholders' equity amounted to Ps 2.9 trillion. BANCOLOMBIA's (unconsolidated) level of past due loans as a percentage of total loans was 3.52% as of July 31, 2005, and the level of allowance for past due loans was 121.71%. MARKET SHARE According to ASOBANCARIA (Colombia's national banking association), BANCOLOMBIA's market share of the Colombian Financial System in July 2005 was as follows: 18.1% of total deposits, 22.5% of total net loans, 17.9% of total savings accounts, 17.9% of total checking accounts and 18.3% of total time deposits. *This report corresponds to the unconsolidated financial statements of BANCOLOMBIA, giving effect to the merger. In accordance with the methodology suggested to the Superintendency of Banking, the merger of Bancolombia, Conavi and Corfinsura (post spin- off) was accounted for as a pooling of interests. 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, is stated in nominal terms and has not been audited. All growth rates mentioned herein are not adjusted for inflation. - -------------------------------------------------------------------------------- CONTACTOS Sergio Restrepo Jaime A. Velasquez Mauricio Botero VP Ejecutivo VP Financiero Gerente RI Tel.:(574) 3120332 Tel.: (574) 5108666 Tel.: (574) 5108866 Bancolombia Logo JULY 2005
BANCOLOMBIA S.A. BALANCE SHEET (Ps Millions) JULY 2005 - ------------------------------------------------------------------- ASSETS Cash and due from banks 808.928 Overnight funds sold 392.041 TOTAL CASH AND EQUIVALENTS 1.200.969 - ------------------------------------------------------------------- DEBT SECURITIES 6.136.279 Trading 3.439.317 Available for Sale 1.752.542 Held to Maturity 944.420 EQUITY SECURITIES 809.326 Trading 1.037 Available for Sale 808.289 Market value allowance -37.800 NET INVESTMENT SECURITIES 6.907.805 - ------------------------------------------------------------------- Commercial loans 9.765.538 Consumer loans 1.908.197 Small business loans 97.021 Mortgage loans 1.456.791 Allowance for loans and financial leases losses -562.187 NET TOTAL LOANS AND FINANCIAL LEASES 12.665.360 - ------------------------------------------------------------------- Accrued interest receivable on loans 172.695 Allowance for accrued interest losses -11.894 NET TOTAL INTEREST ACCRUED 160.801 - ------------------------------------------------------------------- Customers' acceptances and derivatives 76.652 Net accounts receivable 160.000 Net premises and equipment 338.347 Foreclosed assets 49.751 Prepaid expenses and deferred charges 37.397 Goodwill 60.396 Other 187.618 Reappraisal of assets 622.902 - ------------------------------------------------------------------- TOTAL ASSETS 22.467.998 - ------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES DEPOSITS NON-INTEREST BEARING 2.666.541 Checking accounts 2.347.695 Other 318.846 - ------------------------------------------------------------------- INTEREST BEARING 10.581.028 Checking accounts 181.353 Time deposits 3.709.128 Savings deposits 6.690.547 - ------------------------------------------------------------------- TOTAL DEPOSITS 13.247.569 Overnight funds 1.036.935 Bank acceptances outstanding 46.845 Interbank borrowings 1.312.543 Borrowings from domestic development banks 954.008 Accounts payable 890.837 Accrued interest payable 147.902 Other liabilities 210.499 Bonds 1.462.815 Accrued expenses 283.476 - ------------------------------------------------------------------- TOTAL LIABILITIES 19.593.429 - ------------------------------------------------------------------- SHAREHOLDER'S EQUITY SUBSCRIBED AND PAID IN CAPITAL 363.914 - ------------------------------------------------------------------- RETAINED EARNINGS 1.275.290 Appropiated 861.300 Unappropiated 413.990 - ------------------------------------------------------------------- REAPPRAISAL AND OTHERS 1.130.744 GROSS UNREALIZED GAIN OR LOSS ON DEBT SECURITIES 104.621 - ------------------------------------------------------------------- TOTAL SHAREHOLDER'S EQUITY 2.874.569 - ------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 22.467.998 - -------------------------------------------------------------------
Bancolombia Logo JULY 2005
BANCOLOMBIA S.A. INCOME STATEMENT As of (Ps Millions) JULY 2005 - ------------------------------------------------------------------------------- INTEREST INCOME AND EXPENSES Interest on loans 1.002.822 Interest on investment securities 372.767 Overnight funds 11.437 TOTAL INTEREST INCOME 1.387.026 - ------------------------------------------------------------------------------- INTEREST EXPENSE Checking accounts 3.285 Time deposits 169.862 Savings deposits 137.886 TOTAL INTEREST ON DEPOSITS 311.033 - ------------------------------------------------------------------------------- Interbank borrowings 25.586 Borrowings from domestic development banks 44.278 Overnight funds 31.112 Bonds 68.313 TOTAL INTEREST EXPENSE 480.322 - ------------------------------------------------------------------------------- NET INTEREST INCOME 906.704 Provision for loan and accrued interest losses, net (77.060) Recovery of charged-off loans 35.381 Provision for foreclosed assets and other assets (35.586) Recovery of provisions for foreclosed assets and other assets 24.597 - ------------------------------------------------------------------------------- TOTAL NET PROVISIONS (52.668) NET INTEREST INCOME AFTER PROVISION FOR LOANS AND ACCRUED INTEREST LOSSES 854.036 - ------------------------------------------------------------------------------- Commissions from banking services and other services 34.837 Electronic services and ATM's fees, net 75.921 Branch network services, net 26.895 Collections and payments fees, net 31.966 Credit card merchant fees, net 5.460 Credit and debit card fees, net 104.687 Checking fees, net 32.298 Check remittance, net 5.813 International operations, net 12.856 TOTAL FEES AND OTHER SERVICE INCOME 330.733 - ------------------------------------------------------------------------------- Other fees and service expenses (23.808) TOTAL FEES AND INCOME FROM SERVICES, NET 306.925 - ------------------------------------------------------------------------------- OTHER OPERATING INCOME Net foreign exchange gains (52.814) Forward contracts in foreign currency 98.904 Dividend income 99.973 Communication, rent payments and others 975 TOTAL OTHER OPERATING INCOME 147.038 - ------------------------------------------------------------------------------- TOTAL INCOME 1.307.999 OPERATING EXPENSES Salaries and employee benefits 289.390 Bonus plan payments 4.768 Compensation 4.511 Administrative and other expenses 373.437 Deposit security, net 30.990 Donation expenses 382 Depreciation 36.709 TOTAL OPERATING EXPENSES 740.187 - ------------------------------------------------------------------------------- NET OPERATING INCOME 567.812 Merger expenses 22.939 Goodwill amortization Banco de Colombia 13.212 NON-OPERATING INCOME (EXPENSE) Other income 28.683 Other expense (39.581) TOTAL NON-OPERATING INCOME (10.898) INCOME BEFORE INCOME TAXES 520.763 Income tax expense 106.773 - ------------------------------------------------------------------------------- NET INCOME 413.990 - -------------------------------------------------------------------------------
-----END PRIVACY-ENHANCED MESSAGE-----