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To: chowder who wrote (2610)3/11/2005 2:12:50 PM
From: - with a K  Respond to of 13449
 
CIB

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News:

Friday March 11, 9:15 am ET

MEDELLIN, Colombia, March 11 /PRNewswire-FirstCall/ -- Bancolombia reported unconsolidated net income of Ps 57,315 million for the month ended February 28, 2005. For the two months ended February 28, 2005 the Bank reported accumulated net income of Ps 88,430 million, 22.0% higher than for the same period in 2004.*

Total net interest income, including investment securities, amounted to Ps 88,589 million in February 2005 and Ps 178,345 million for the two-month period ended February 28, 2005. Additionally, total net fees and income from services amounted to Ps 26,714 million in February 2005 and Ps 54,159 million for the two-month period ended February 28, 2005.

Total assets amounted to Ps 14.31 trillion in February 2005, 24.9% higher than that reported in February 2004. Total deposits increased approximately 27.2% to Ps 8.7 trillion over the last twelve months. Bancolombia's total shareholders' equity amounted to Ps 2.03 trillion in February 2005, which constitutes a 38.2% increase over the Ps 1.5 trillion reported in February 2004.