Bancolombia Announces Unconsolidated Net Income

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    Bancolombia Announces Unconsolidated Net Income

    SOURCE Bancolombia S.A.

    Wednesday, September 12, 2007

    Bancolombia Announces Unconsolidated Net Income of Ps 78,960 Million for the Month of August 2007, Totaling Ps 505,397 Million for the First Eight Months of 2007

    MEDELLIN, Colombia, Sept. 11 /PRNewswire-FirstCall/ -- Bancolombia S.A. ("Bancolombia") reported unconsolidated net income of Ps 78,960 million during the past month of August.*

    During August, total net interest income, including investment securities, amounted to Ps 165,069 million. Additionally, total net fees and income from services totaled Ps 56,485 million.

    Total assets amounted to Ps 30.78 trillion, total deposits totaled Ps 19.16 trillion and BANCOLOMBIA's total shareholders' equity amounted to Ps 4.64 trillion.

    BANCOLOMBIA's (unconsolidated) level of past due loans as a percentage of total loans was 2.64% as of August 31, 2007, and the level of allowance for past due loans was 137.01% as of the same date.

    According to ASOBANCARIA (Colombia's national banking association), BANCOLOMBIA's market share of the Colombian financial system as of August 2007 was as follows: 18.1% of total deposits, 21.7% of total net loans, 18.7% of total savings accounts, 21.2% of total checking accounts and 14.7% of total time 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.

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