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● ● È Bancolombia CIB LISTED NYSE 2021 . BANCOLOMBIA S.A. ( NYSE : CIB ; BVC : BCOLOMBIA , PFBCOLOM ) REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 1Q21 Gross loans amount to COP 197 trillion , which represents a 3.0 % growth when compared to 4Q20 . Provision charges for the quarter were COP 1.3 trillion and the coverage ratio for 90 - day past due loans was 221,8 % . Provision charges decreased by 36.8 % when compared to 4Q20 and by 7.2 % when compared to 1Q20 . This level of provisions was largely explained by the deterioration in customer credit ratings due to COVID - 19 in our expected losses models . The efficiency was 49.4 % for the last 12 months . Operating expenses decreased by 4.1 % when compared to 4Q20 and 7.5 % when compared to 1Q20 . Under Basel III Tier 1 basic capital stood at 11.2 % as of March 31 , 2021 decreasing 5 basis points with respect to December 31 , 2020. The solvency ratio ended at 14.8 % . Both ratios are well above the minimum regulatory levels required in Colombia . Bancolombia continues to strengthen its digital strategy with a robust growth in its mobile platform users . As of March 31 , 2020 , the bank has 10.8 million digital accounts , 5.8 million users in Nequi and 5.0 million in Bancolombia a la Mano . May 4 , 2021. Medellin , Colombia - Today , BANCOLOMBIA S.A. ( " Bancolombia " or " the Bank " ) announced its earnings results for the first quarter of 2021¹ . 1 This report corresponds to the interim unaudited consolidated financial information of BANCOLOMBIA S.A. and its subsidiaries ( " BANCOLOMBIA " or " The Bank " ) which Bancolombia controls , amongst others , by owning directly or indirectly , more than 50 % of the voting capital stock . This financial information has been prepared based on financial records generated in accordance with International Financial Reporting Standards IFRS . BANCOLOMBIA maintains accounting records in Colombian pesos , referred to herein as " Ps . " or " COP " . The financial information for the quarter ended December 31 , 2020 is not necessarily indicative of the results for any other future interim period . For more information , please refer to the Bank's filings with the Securities and Exchange Commission , which are available on the Commission's website at www.sec.gov . BANCOLOMBIA's first IFRS financial statements will cover the year ending in 2015. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS : This release contains statements that may be considered forward - looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All forward - looking statements , whether made in this release or in future filings or press releases or orally , address matters that involve risks and uncertainties ; consequently , there are or will be factors , including , among others , changes in general economic and business conditions , changes in currency exchange rates and interest rates , introduction of competing products by other companies , lack of acceptances of new products or services by our targeted customers , changes in business strategy and various others factors , that could cause actual results to differ materially from those indicated in such statements . We do not intend , and do not assume any obligation , to update these forward - looking statements . Certain monetary amounts , percentages and other figures included in this report have been subject to rounding adjustments . Any reference to BANCOLOMBIA means the Bank together with its affiliates , unless otherwise specified . Representative Market Rate , April 1 , 2021 $ 3.678,62 = US $ 1 1