Exhibit 8.1
LIST OF SUBSIDIARIES (EXHIBIT)
Entity | Jurisdiction of Incorporation | Business | Shareholding Directly And Indirectly 2019 | Shareholding Directly And Indirectly 2018 | Shareholding Directly And Indirectly 2017 |
Fiduciaria Bancolombia S.A. Sociedad Fiduciaria | Colombia | Trust | 98.81% | 98.81% | 98.81% |
Banca de Inversión Bancolombia S.A. Corporación Financiera | Colombia | Investment banking | 100.00% | 100.00% | 100.00% |
Valores Bancolombia S.A. Comisionista de Bolsa | Colombia | Securities brokerage | 100.00% | 100.00% | 100.00% |
Renting Colombia S.A.S. | Colombia | Operating leasing | 100.00% | 100.00% | 100.00% |
Transportempo S.A.S. | Colombia | Transportation | 100.00% | 100.00% | 100.00% |
Valores Simesa S.A. | Colombia | Investments | 67.11% | 67.73% | 68.57% |
Inversiones CFNS S.A.S. | Colombia | Investments | 99.94% | 99.94% | 99.94% |
Pasarela Colombia S.A.S. (Before BIBA Inmobiliaria S.A.S.) | Colombia | Real estate broker | 100.00% | 100.00% | 100.00% |
Fondo de Capital Privado Fondo Inmobiliario Colombia. (The Bank's shareholding decreased during 2018 and 2019. However, It is defined as a Subsidiary, given the significant control and influence over the PA. Management Board is responsible for appointing the management staff and the employees of the PA are part of the Fiduciaria Bancolombia.) | Colombia | Real estate broker | 49.96% | 51.29% | 63.47% |
Fideicomiso "Lote Abelardo Castro". | Colombia | Mercantil trust | 66.77% | 67.39% | 68.23% |
Fideicomiso Lote Distrito Vera B1B2 (Investment effected in 2019) | Colombia | Mercantil trust | 66.77% | - | - |
Fideicomiso Lote Distrito Vera B3B4 (Investment effected in 2019) | Colombia | Mercantil trust | 66.77% | - | - |
Bancolombia Panamá S.A. | Panama | Banking | 100.00% | 100.00% | 100.00% |
Sistemas de Inversiones y Negocios S.A. Sinesa | Panama | Investments | 100.00% | 100.00% | 100.00% |
Banagrícola S.A. | Panama | Investments | 99.17% | 99.16% | 99.16% |
Banistmo S.A. | Panama | Banking | 100.00% | 100.00% | 100.00% |
Banistmo Investment Corporation S.A. | Panama | Trust | 100.00% | 100.00% | 100.00% |
Financomer S.A. | Panama | Financial services | 100.00% | 100.00% | 100.00% |
Leasing Banistmo S.A. | Panama | Leasing | 100.00% | 100.00% | 100.00% |
Valores Banistmo S.A. | Panama | Purchase and sale of securities | 100.00% | 100.00% | 100.00% |
Banistmo Panamá Fondo de Inversión S.A. (Before Suvalor Panamá Fondos de Inversión S.A.) | Panama | Holding | 100.00% | 100.00% | 100.00% |
Fondo Renta Fija Valor, S.A. (Before Suvalor Renta Fija Internacional Largo Plazo S.A. Investment; This company not consolidated during 2019 because it does not meet control requirements) | Panama | Investment fund | - | 100.00% | 100.00% |
Suvalor Renta Fija Internacional Corto Plazo S.A. | Panama | Collective investment fund | 100.00% | 100.00% | 100.00% |
Suvalor Renta Variable Colombia,S.A. (Investment consolidated by Banistmo during 2019) | Panama | Collective investment fund | 100.00% | - | - |
Banistmo Capital Markets Group Inc.(Non-operational stage) | Panama | Purchase and sale of securities | 100.00% | 100.00% | 100.00% |
Anavi Investment Corporation S.A. (Non-operational stage) | Panama | Real estate broker | 100.00% | 100.00% | 100.00% |
Desarrollo de Oriente S.A. (Non-operational stage) | Panama | Real estate broker | 100.00% | 100.00% | 100.00% |
Steens Enterpresies S.A. (Non-operational stage) | Panama | Portfolio holder | 100.00% | 100.00% | 100.00% |
Ordway Holdings S.A. (Non-operational stage) | Panama | Real estate broker | 100.00% | 100.00% | 100.00% |
Van Dyke Overseas Corp. (Investment liquidated during 2018) | Panama | Real estate broker | - | - | 100.00% |
Inmobiliaria Bickford S.A. (Investment liquidated during 2018) | Panama | Real estate broker | - | - | 100.00% |
Williamsburg International Corp. (Investment liquidated during 2018) | Panama | Real estate broker | - | - | 100.00% |
Grupo Agromercantil Holding S.A. | Panama | Holding | 60.00% | 60.00% | 60.00% |
Banco Agrícola S.A. | El Salvador | Banking | 97.36% | 97.36% | 97.36% |
Arrendadora Financiera S.A. Arfinsa | El Salvador | Leasing | 97.37% | 97.37% | 97.37% |
Credibac S.A. de C.V. | El Salvador | Credit card services | 97.36% | 97.36% | 97.36% |
Valores Banagrícola S.A. de C.V. | El Salvador | Securities brokerage | 98.89% | 98.89% | 98.89% |
Inversiones Financieras Banco Agrícola S.A IFBA | El Salvador | Investments | 98.89% | 98.89% | 98.89% |
Gestora de Fondos de Inversión Banagrícola S.A. | El Salvador | Administers investment funds | 98.89% | 98.89% | 98.89% |
Arrendamiento Operativo CIB S.A.C.(Investment sold during 2019) | Peru | Operating leasing | - | 100.00% | 100.00% |
FiduPerú S.A. Sociedad Fiduciaria (Investment sold during 2019) | Peru | Trust | - | 98.81% | 98.81% |
Fondo de Inversión en Arrendamiento Operativo - Renting Perú (Investment liquidated during 2018) | Peru | Car Rental | - | - | 100.00% |
Capital Investments SAFI S.A. (Investment liquidated during 2018) | Peru | Trust | - | - | 100.00% |
Leasing Perú S.A. (Investment liquidated during 2018) | Peru | Leasing | - | - | 100.00% |
Banagrícola Guatemala S.A. (Investment liquidated during 2018) | Guatemala | Outsourcing | - | - | 99.16% |
Banco Agromercantil de Guatemala S.A. | Guatemala | Banking | 60.00% | 60.00% | 60.00% |
Seguros Agromercantil de Guatemala S.A. | Guatemala | Insurance company | 59.17% | 59.17% | 59.17% |
Financiera Agromercantil S.A. | Guatemala | Financial services | 60.00% | 60.00% | 60.00% |
Agrovalores S.A. | Guatemala | Securities brokerage | 60.00% | 60.00% | 60.00% |
Tarjeta Agromercantil S.A.(Investment liquidated during 2018) | Guatemala | Credit Card | - | - | 60.00% |
Arrendadora Agromercantil S.A. | Guatemala | Operating Leasing | 60.00% | 60.00% | 60.00% |
Agencia de Seguros y Fianzas Agromercantil S.A. | Guatemala | Insurance company | 60.00% | 60.00% | 60.00% |
Asistencia y Ajustes S.A. | Guatemala | Services | 60.00% | 60.00% | 60.00% |
Serproba S.A. | Guatemala | Maintenance and remodelling services | 60.00% | 60.00% | 60.00% |
Servicios de Formalización S.A. | Guatemala | Loans formalization | 60.00% | 60.00% | 60.00% |
Conserjeria, Mantenimiento y Mensajería S.A. | Guatemala | Maintenance services | 60.00% | 60.00% | 60.00% |
Media Plus S.A.(Investment liquidated during 2018) | Guatemala | Advertising and marketing | - | - | 60.00% |
Mercom Bank Ltd. | Barbados | Banking | 60.00% | 60.00% | 60.00% |
New Alma Enterprises Ltd. | Bahamas | Investments | 60.00% | 60.00% | 60.00% |
Bancolombia Puerto Rico Internacional Inc. | Puerto Rico | Banking | 100.00% | 100.00% | 100.00% |
Bancolombia Caymán S.A. | Cayman Islands | Banking | 100.00% | 100.00% | 100.00% |
Bagrícola Costa Rica S.A. | Costa Rica | Outsourcing | 99.17% | 99.16% | 99.16% |