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 1934
For the month of January 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- .)
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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).
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: January 27, 2004 By /s/ JAIME ALBERTO VELASQUEZ B.
Name: Jaime Alberto Velasquez B.
Title: Vice President of Finance
[BANCOLOMBIA GRAPHIC]
BANCOLOMBIA REPORTS ACCUMULATED UNCONSOLIDATED NET INCOME OF
PS 309,772 MILLION FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2003
Medellin, COLOMBIA. January 26, 2004. BANCOLOMBIA (NYSE:CIB)*
BANCOLOMBIA reported unconsolidated net income of Ps 27,979(1) million for the
month ended December 31, 2003. For the twelve months ended December 31, 2003,
BANCOLOMBIA reported accumulated net income of Ps 309,772 million, which is 105%
higher than for the same period in 2002.
Total interest income, including investment securities, amounted to Ps 72,765
million in December 2003 and Ps 791,184 million for the twelve-month period
ended December 31, 2003. Total fees and income from services amounted to Ps
27,700 million in December 2003 and Ps 259,844 million for the twelve-month
period ended December 31, 2003.
Total assets amounted to Ps 11.0 trillion in December 2003. Total deposits
increased approximately 9.0% to Ps 6.7 trillion over the last twelve months.
BANCOLOMBIA's total shareholders' equity amounted to Ps 1.54 trillion in
December 2003, which constitutes a 35.9% increase over the Ps 1.13 trillion
reported in December 2002.
BANCOLOMBIA's (unconsolidated) level of past due loans as a percentage of total
loans was 1.6% as of December 31, 2003, and the level of allowance for past due
loans was 299%.
MARKET SHARE
According to ASOBANCARIA (Colombia's national banking association),
BANCOLOMBIA's market share of the Colombian Financial System in December 2003
was as follows: 12.2% of total deposits, 13.6% of total net loans, 9.8% of total
savings accounts, 17.8% of total checking accounts and 11.8% of total time
deposits.
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* This report corresponds to the intermediate 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.
(1) Exchange Rate January 26, 2004: COP 2,747.72/USD. Total outstanding
shares: 576,695,395. 1ADR= 4 preference shares.
Contacts
JAIME A. VELASQUEZ MARIA A. VILLA WWW.BANCOLOMBIA.COM
FINANCIAL VP IR MANAGER FAX: (574) 2307208
TEL.: (574) 5108666 TEL.: (574) 5108866