Awards for Excellence 2008: Colombia

Not only is Bancolombia the only Colombian bank to have a level-three ADR programme with shares listed in New York, it also successfully raised a further $445 million of equity in July last year through this programme. These shares offer a rare opportunity for investors to gain exposure to Colombia. These funds, along with $590 million in loans, were earmarked to pay for Bancolombia’s acquisition of Salvadorean bank Banco Agricola Comercial de el Salvador.