MEDELLIN, Colombia, Dec. 4 /PRNewswire-FirstCall/ -- BANCOLOMBIA S.A. ("Bancolombia") announces that as of today it made donations in a total amount of Ps 14,722,447,991.85. The donations were duly authorized at the General Shareholders Meeting and by the Board of Directors of Bancolombia. Bancolombia expects to obtain tax benefits, in accordance with the terms of the current Colombian tax regulations.
The beneficiary entities contributed to the social development, protection and welfare, culture, civic-mindedness, charity, health and/or education of Colombia. Bancolombia does not have any commercial relationship with any of the beneficiaries.