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● È Bancolombia CIB LISTED NYSE 2021 . BANCOLOMBIA S.A. ( NYSE : CIB ; BVC : BCOLOMBIA , PFBCOLOM ) REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 3Q21 The net profit for 3Q21 was COP 943 billion . This value represents an increase of 18.5 % compared to 2Q21 . Gross loans amount to COP 210 trillion , which represents a 3.3 % growth when compared to 2Q21 . Provision charges for the quarter were COP 514 trillion and the coverage ratio for 90 - day past due loans was 218.5 % . Provision charges decreased by 17.8 % when compared to 2Q21 and by 69.4 % when compared to 3Q20 . This reduction is largely due to a better economic outlook in 2021 , and to the fine - tuning in the provisioning models for the portfolio under credit reliefs . The annualized net interest margin in the quarter remains stable at 5.0 % . The quarterly compression in the loans ' interest margin of 10 basis points is an effect of the repricing on assets derived from the reference rate reductions completed by the Central Bank in Colombia during 2020 . The efficiency ratio was 51.4 % for the last 12 months . Year to date operating expenses increased by 9.0 % when compared to the same period of 2020. Operating expenses for the quarter increased 14.2 % when compared to 2Q21 and 22.9 % compared to 3Q20 . Shareholders ' Equity amount to COP 30 trillion as of September 30 , 2021 , which represents an increase of 8.1 % compared to 3Q20 . This growth has mainly resulted from the profits generated during the last 12 months . Bancolombia continues revealing a robust growth on its mobile platform users . As of September 30 , 2021 , the bank has 14.3 million digital accounts , 5.7 million users in Bancolombia a la Mano and 8.6 million in NEQUI . November 2 , 2021. Medellin , Colombia - Today , BANCOLOMBIA S.A. ( " Bancolombia " or " the Bank " ) announced its earnings results for the third 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 September 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 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 , October 1 , 2021 $ 3,812.50 = US $ 1 1