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 October 2004
BANCOLOMBIA S.A.
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(Translation of Registrant's name into English)
Calle 50 No. 51-66
Medellin, Colombia
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(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. 333-12658).
(BANCOLOMBIA LOGO) (CIB GRAPHIC)
BANCOLOMBIA REPORTS UNCONSOLIDATED NET INCOME OF PS 319,386 MILLION DURING THE
FIRST NINE MONTHS OF 2004
MEDELLIN, COLOMBIA. OCTOBER 11, 2004*
BANCOLOMBIA reported unconsolidated net income of Ps 60,446 million for the
month ended September 30, 2004. For the nine months ended September 30, 2004 the
Bank reported accumulated net income of Ps 319,386 million, 40.9% higher than
for the same period in 2003.
Total net interest income, including investment securities, amounted to Ps
103,752 million in September 2004 and Ps 698,597 million for the nine-month
period ended September 30, 2004. Additionally, total net fees and income from
services amounted to Ps 26,056 million in September 2004 and Ps 234,438 million
for the nine-month period ended September 30, 2004.
Total assets amounted to Ps 12.9 trillion in September 2004, 23.1% higher than
the reported in September 2003. Total deposits increased approximately 19.7% to
Ps 7.6 trillion over the last twelve months. BANCOLOMBIA's total shareholders'
equity amounted to Ps 1.78 trillion in September 2004, which constitutes a 14.1%
increase over the Ps 1.56 trillion reported in September 2003.
BANCOLOMBIA's (unconsolidated) level of past due loans as a percentage of total
loans was 1.4% as of September 30, 2004, and the level of allowance for past due
loans was 307%.
MARKET SHARE
According to ASOBANCARIA (Colombia's national banking association),
BANCOLOMBIA's market share of the Colombian Financial System in September 2004
was as follows: 12.1% of total deposits, 13.6% of total net loans, 10.1% of
total savings accounts, 17.8% of total checking accounts and 11.2% of total time
deposits.
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* This report corresponds to the interim financial statements of BANCOLOMBIA,
which are subject to review by the Superintendency of Banking. The information
contained herein has been prepared in accordance with generally accepted
accounting principles (GAAP) in Colombia, and is expressed in nominal terms and
has not been audited.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This release contains statements that may be considered forward-looking
statements within the meaning of Section 27A of the U.S. Securities Act of 1933
and Section 21E of the U.S. Securities Exchange Act of 1934. All forward-looking
statements, whether made in this release or in future filings or press releases
or orally, address matters that involve risks and uncertainties; consequently,
there are or will be factors that could cause actual results to differ
materially from those indicated in such statements.
CONTACTS
JAIME A. VELASQUEZ MAURICIO BOTERO FAX: (574) 2317208
FINANCIAL VP IR MANAGER WWW.BANCOLOMBIA.COM
TEL.: (574) 5108666 TEL.: (574) 5108866 INVESTORRELATIONS@BANCOLOMBIA.CO
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: October 11, 2004 By /s/ JAIME ALBERTO VELASQUEZ B.
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Name: Jaime Alberto Velasquez B.
Title: Vice President of Finance