MEDELLIN, Colombia, June 4 /PRNewswire-FirstCall/ -- Bancolombia S.A. (NYSE: CIB) clarifies information published in the Colombian media:
- Bancolombia sold an unproductive portfolio (100% charged-off) representing a capital amount of COP 122,270,618,929 (approximately USD 62.3 million) to Compania Reintegra SAS. Of this amount, Bancolombia S.A. sold a portion of the portfolio representing COP 118,781,641,226 and Factoring Bancolombia S.A. C.F. sold a portion of the portfolio representing COP 3,488,977,703 (together, the Transaction).
- Pursuant to the Transaction, Bancolombia S.A. will receive COP 10,639,431,523 (USD 5.4 million) and Factoring Bancolombia S.A. C.F. will receive COP 110,411,011 (approximately USD 56,000).
Jaime A. Velasquez
Tel.: (574) 4042199
Juan E. Toro
Tel.: (574) 4041837
SOURCE Bancolombia S.A.