Bancolombia S.A. Announces an Agreement with the International Finance Corporation (IFC) for the Purpose of Entering into a Risk Management Facility

Jun 11, 2010, 18:25 ET from Bancolombia, S.A.

MEDELLIN, Colombia, June 11 /PRNewswire-FirstCall/ -- Bancolombia S.A. (Bancolombia) (NYSE: CIB) announces the entry into an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, for the purpose of providing hedging instruments through a risk management facility in an aggregate principal amount of up to USD $400 million.

With the signing of this agreement, Bancolombia will ensure that it has quality counterparty with which to engage in hedging transactions for our clients.


Sergio Restrepo

Executive VP

Tel.: (574) 4041424

Jaime A. Velasquez

Financial VP

Tel.: (574) 4042199

Juan E. Toro

IR Manager

Tel.: (574) 4041837

SOURCE Bancolombia, S.A.