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● È Bancolombia CIB LISTED NYSE 2Q21 BANCOLOMBIA S.A. ( NYSE : CIB ; BVC : BCOLOMBIA , PFBCOLOM ) REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2021 . The net profit for 2Q21 was COP 1.2 trillion , denoting a better performance of its clients , thanks to the support received by the bank during the pandemic . This value represents an increase of 113.2 % compared to 1Q21 . Gross loans amount to COP 204 trillion , which represents a 3.3 % growth when compared to 1Q21 . Provision charges for the quarter were COP 626 trillion and the coverage ratio for 90 - day past due loans was 227,4 % . Provision charges decreased by 51.1 % when compared to 1Q21 and by 74.3 % when compared to 2Q20 . This reduction is largely due to a better economic outlook in the models for 2021 , a better payment performance from clients and a fine tuning in the provisioning methodologies for the portfolio under credit reliefs . The efficiency ratio was 50.4 % for the last 12 months . Operating expenses for the first semester of the year increased by 2.2 % when compared to the first half of 2020. Operating expenses for the quarter increased 4.4 % when compared to 1Q21 and 13.7 % compared to 2Q20 . Under Basel III , Tier 1 capital stood at 11.5 % as of June 30 , 2021 , increasing 30 basis points compared to March 31 , 2021. The solvency ratio ended at 15.0 % . This leverage level is adequate considering the balance sheet risks and asset growth expectations . August 11 , 2021. Medellin , Colombia - Today , BANCOLOMBIA S.A. ( " Bancolombia " or " the Bank " ) announced its earnings results for the second 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 June 30 , 2021 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 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 , July 1 , 2021 $ 3.748,50 = US $ 1 1