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Bancolombia S.A. provides banking products and services to industrial companies, small and medium sized companies, and individuals. The company offers traditional banking products and services, such as checking accounts; saving accounts; time deposits; personal and corporate loans, including overdraft facilities; credit and debit cards; and cash management services. It also offers nontraditional products and services, such as electronic banking, warehousing services, pension banking, bancassurance, international transfers, fiduciary and trust services, leasing, brokerage services, dollar-denominated products, and investment banking. In addition, the companys customers have access to a network of branches and automated teller machines in Colombia. It operated approximately 354 branch offices in 123 cities of Colombia, as of December 31, 2003. Bancolombia provides its portfolio of products and services to individuals, such as self-employed persons, employees, housewives, retirees, and students. Bancolombia was incorporated in 1945. It was formerly known as Banco Industrial Colombiano S.A. and changed its name to Bancolombia S.A. in 1998. The company is headquartered in Medellin, Colombia.
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