Summary: Bancolombia S.A. Oct 01
Standard & Poors, October 2001
Abstract
The rating assigned to Bancolombia takes into consideration asset quality and profitability problems the bank experienced over several years, similar to those experienced by other banks in Colombia, and from which the bank began to recover in 2000. It also reflects the importance of the bank in the Colombian banking system as the largest bank in terms of assets and deposits. Even as results return to more normal levels, the rating will remain constrained by Colombia's risky economic and political environment. Bancolombia has been able to position itself as the country's largest bank, reporting 2000 consolidated total assets of Colombian pesos (CoP) 8,829 billion at June 2001. The bank has been able to expand its client base despite significant market...
Companies mentioned in this report are:
- Bancolombia, S. A. y Companias Subordinadas
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Bancolombia, S. A. y Companias Subordinadas
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