Grupo Bancolombia is one of the largest financial institutions in Colombia and is headquartered in Medellin, Colombia. It is a leading commercial bank in the country, offering a wide range of financial products and services to both individuals and corporations. The bank was established in 1875 under the name Banco de Colombia, and it was merged with Banco Industrial Colombiano in 1945, forming the Banco de Colombia industrial.

Grupo Bancolombia's main products and services include personal banking, corporate banking, investment banking, asset management, insurance, and pension funds. They offer a variety of financial solutions such as current accounts, savings accounts, credit cards, loans, investments, international trade services, treasury operations, insurance policies, and retirement plans. The company has a significant presence in Central and South America, with operations in several countries including Panama, El Salvador, Guatemala, the Cayman Islands, Puerto Rico, and the United States.

Grupo Bancolombia's international subsidiaries include Banistmo in Panama, Banco Agricola in El Salvador, and Banistmo Puerto Rico. In terms of market position, Grupo Bancolombia is the largest banking institution in Colombia, controlling a substantial share of the domestic market. It competes with other local banks such as Banco Davivienda and Banco de Bogota.

Additionally, on a global scale, Grupo Bancolombia has established itself as a respected player in the financial industry, with a strong presence in Latin America. In recent years, Grupo Bancolombia has focused on technological advancements to enhance customer experience and expand its digital banking services. They have also implemented various social and environmental responsibility programs, aiming to contribute to the development of the communities they serve.

As of the latest available information, Grupo Bancolombia has continued to grow steadily, maintaining its position as one of the top financial institutions in Colombia. They have shown resilience in the face of economic challenges and have adapted their strategies to stay competitive in an evolving global market