Bancolombia became Colombia's largest bank when it was created in 1998 following the merger of BIC and the troubled Banco de Colombia. But Bancolombia has struggled to turn a decent profit for most of its short life, posting heavy losses during the recession of 1999-2000.
Bancolombia, led by Jorge Londoño, is now firmly in the black with first half net income of $49.5 million, 63% more in dollar terms as the...
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