BANCOLOMBIA SA | CIK:0001071371 | 3

  • Filed: 4/30/2018
  • Entity registrant name: BANCOLOMBIA SA (CIK: 0001071371)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/0001144204-18-023396-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/cib-20171231.xml
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    • ifrs-full:DisclosureOfBorrowingsExplanatory

    NOTE 16. BORROWINGS FROM OTHER FINANCIAL INSTITUTIONS
     
    As of December 31, 2017 and 2016, the composition of the borrowings from other financial institutions measured at amortized cost is the following:
     
    Borrowings from other financial institutions
    December 31, 2017
    December 31, 2016
    In millions of COP
    Obligations granted by domestic banks
    5,863,702
    5,616,934
    Obligations granted by foreign banks (1)
    7,958,450
    13,288,909
    Total
    13,822,152
    18,905,843
     
    (1)
    The Bank has recognized a financial liability with BAM Financial Corporation (BFC) amounting to USD 243.2 million as of December 31, 2017 and USD 251.5 million as of December 31, 2016, due to its obligation to pay cash in future to purchase the non-controlling shares of Grupo Agromercantil Holding. The Bank will reclassify the liability to equity if the put expires unexercised. For further information see Note 8.3. Acquisition of Grupo Agromercantil Holding (GAH).
     
    Obligations granted by domestic banks
     
    As of December 31, 2017
     
    Financial entity
    Rate Maximum
    Rate Minimum
    December 31, 2017
    In millions of COP
    Financiera de Desarrollo Territorial (Findeter)
    11.30%
    1.05%
    2,587,598
    Banco De Comercio Exterior De Colombia (Bancoldex)
    10.86%
    1.76%
    1,528,435
    Fondo Para El Financiamiento Del Sector Agropecuario (Finagro)
    14.90%
    1.05%
    728,558
    Other private financial entities
    8.89%
    0.07%
    1,019,111
    Total
     
     
    5,863,702
     
    As of December 31, 2016
     
    Financial entity
    Rate Maximum
    Rate Minimum
    December 31, 2016
    In millions of COP
    Financiera de Desarrollo Territorial (Findeter)
    12.77%
    1.29%
    2,404,521
    Banco De Comercio Exterior De Colombia (Bancoldex)
    12.48%
    0.06%
    1,591,035
    Fondo Para El Financiamiento Del Sector Agropecuario (Finagro)
    12.38%
    1.39%
    642,775
    Other private financial entities
    11.86%
    2.28%
    978,603
    Total
     
     
    5,616,934
      
    The maturities of financial obligations with domestic banks as of December 31, 2017 and 2016, are the following:
     
    Domestic
    December 31, 2017
    December 31, 2016
    In millions of COP
    Amount expected to be settled:
     
     
    More than twelve months after the reporting period
    5,288,364
    5,234,565
    No more than twelve months after the reporting period
    575,338
    382,369
    Total
    5,863,702
    5,616,934
     
    Obligations granted by foreign banks
     
    As of December 31, 2017
     
    Financial entity
    Rate Maximum
    Rate Minimum
    December 31, 2017
    In millions of COP
    Financing with correspondent banks
    5.66%
    1.48%
    7,341,713
    Corporación Andina de Fomento (CAF)
    3.84%
    1.85%
    311,730
    Banco Latinoamericano de Comercio Exterior (Bladex)
    4.10%
    1.90%
    269,946
    Banco Interamericano de Desarrollo (BID)
    3.96%
    3.96%
    35,061
    Total
     
     
    7,958,450
     
    As of December 31, 2016
     
    Financial entity
    Rate Maximum
    Rate Minimum
    December 31, 2016
    In millions of COP
    Financing with correspondent banks
    9.71%
    0.88%
    12,129,817
    Corporación Andina de Fomento (CAF)
    4.04%
    2.67%
    745,086
    Banco Latinoamericano de Comercio Exterior (Bladex)
    3.83%
    1.24%
    278,392
    Banco Interamericano de Desarrollo (BID)
    3.96%
    1.54%
    135,614
    Total
     
     
    13,288,909
     
    The maturities of the financial obligations with foreign entities as of December 31, 2017 and 2016 are the following:
     
    Foreign
    December 31, 2017
    December 31, 2016
    In millions of COP
    Amount expected to be settled:
    No more than twelve months after the reporting period
    7,037,043
    9,559,568
    More than twelve months after the reporting period
    921,407
    3,729,341
    Total
    7,958,450
    13,288,909