MEDELLIN, Colombia, Jan. 29 /PRNewswire-FirstCall/ -- Bancolombia S.A. ("Bancolombia") reported unconsolidated net income of Ps 79,732 million during the past month of December*.
During December, total net interest income, including investment securities, amounted to Ps 190,896 million. Additionally, total net fees and income from services totaled Ps 79,006 million.
Total assets amounted to Ps 33.20 trillion, total deposits totaled Ps 21.13 trillion and Bancolombia's total shareholders' equity amounted to Ps 5.07 trillion.
Bancolombia's (unconsolidated) level of past due loans as a percentage of total loans was 2.81% as of December 31, 2007, and the level of allowance for past due loans was 144.52% as of the same date.
Market Share
According to ASOBANCARIA (Colombia's national banking association), Bancolombia's market share of the Colombian financial system as of December, 2007 was as follows: 18.7% of total deposits, 21.5% of total net loans, 19.4% of total savings accounts, 22.3% of total checking accounts and 14.3% of total time deposits.
* This report corresponds to the unconsolidated financial statements of Bancolombia. The numbers contained herein are subject to review by the relevant Colombian authorities. This information has been prepared in accordance with generally accepted accounting principles in Colombia and is stated in nominal terms.
