BANCOLOMBIA Obtains Foreign Financing

MEDELLIN, Colombia, April 2 /PRNewswire-FirstCall/ -- BANCOLOMBIA S.A. (NYSE: CIB) has obtained loans from foreign financial institutions amounting to US$ 590 million which will be used for the purchase of foreign currency loans of BANCOLOMBIA (PANAMA) S.A. at market conditions and pursuant to the corresponding authorizations and applicable law. The proceeds of these transactions will be used by BANCOLOMBIA (PANAMA) S.A. for the acquisition of Banagricola S.A.

The approval of these loans demonstrates the confidence that international banks have in BANCOLOMBIA S.A.