Exhibit 8.1
LIST OF SUBSIDIARIES (EXHIBIT)
Entity | Jurisdiction of Incorporation | Business | Shareholding Directly And Indirectly 2020 | Shareholding Directly And Indirectly 2019 | Shareholding Directly And Indirectly 2018 |
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% |
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.(1) | Colombia | Real estate broker | 49.96% | 49.96% | 51.29% |
P.A. Inmuebles CEM(2) | Colombia | Mercantil trust | 49.96% | - | - |
P.A. Calle 92 FIC-11(2) | Colombia | Mercantil trust | 32.47% | - | - |
P.A. FIC Edificio Corfinsura(2) | Colombia | Mercantil trust | 49.96% | - | - |
P.A. FIC-A5(2) | Colombia | Mercantil trust | 49.96% | - | - |
P.A. FIC Inmuebles(2) | Colombia | Mercantil trust | 49.96% | - | - |
P.A. FIC Clínica de Prado(2) | Colombia | Mercantil trust | 38.49% | - | - |
P. A. FIC A6(2) | Colombia | Mercantil trust | 49.96% | - | - |
P.A. Central Point(2) | Colombia | Mercantil trust | 37.47% | - | - |
Fideicomiso Irrevocable de Garantía, Fuente de Pago y Administración Inmobiliaria Polaris(2) | Colombia | Mercantil trust | 49.96% | - | - |
P.A. Fideicomiso Twins Bay(2) | Colombia | Mercantil trust | 49.96% | - | - |
Fideicomiso Lote Av San Martín(2) | Colombia | Mercantil trust | 49.96% | - | - |
P.A. Fideicomiso Lote 30(2) | Colombia | Mercantil trust | 49.96% | - | - |
Valores Simesa S.A.(3) | Colombia | Investments | 67.11% | 67.11% | 67.73% |
Fideicomiso "Lote Abelardo Castro". | Colombia | Mercantil trust | 66.77% | 66.77% | 67.39% |
Fideicomiso Lote Distrito Vera B1B2(4) | Colombia | Mercantil trust | 66.77% | 66.77% | - |
Fideicomiso Lote Distrito Vera B3B4(4) | Colombia | Mercantil trust | 66.77% | 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% | 99.17% | 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 Panama 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.)(5) | Panama | Collective investment fund | - | - | 100.00% |
Suvalor Renta Fija Internacional Corto Plazo S.A. | Panama | Collective investment fund | 100.00% | 100.00% | 100.00% |
Entity | Jurisdiction of Incorporation | Business | Shareholding Directly And Indirectly 2020 | Shareholding Directly And Indirectly 2019 | Shareholding Directly And Indirectly 2018 |
Suvalor Renta Variable Colombia,S.A.(6) | Panama | Collective investment fund | 100.00% | 100.00% | - |
Banistmo Capital Markets Group Inc.(7) | Panama | Purchase and sale of securities | 100.00% | 100.00% | 100.00% |
Anavi Investment Corporation S.A.(7) | Panama | Real estate broker | 100.00% | 100.00% | 100.00% |
Desarrollo de Oriente S.A.(7) | Panama | Real estate broker | 100.00% | 100.00% | 100.00% |
Steens Enterpresies S.A.(7) | Panama | Portfolio holder | 100.00% | 100.00% | 100.00% |
Ordway Holdings S.A.(7) | Panama | Real estate broker | 100.00% | 100.00% | 100.00% |
Grupo Agromercantil Holding S.A.(8) | Panama | Holding | 100.00% | 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 Banagricola S.A. | El Salvador | Administers investment funds | 98.89% | 98.89% | 98.89% |
Arrendamiento Operativo CIB S.A.C.(9) | Peru | Operating leasing | - | - | 100.00% |
FiduPerú S.A. Sociedad Fiduciaria(9) | Peru | Trust | - | - | 98.81% |
Banco Agromercantil de Guatemala S.A.(8) | Guatemala | Banking | 99.59% | 59.72% | 59.72% |
Seguros Agromercantil de Guatemala S.A (8) | Guatemala | Insurance company | 79.90% | 47.93% | 47.93% |
Financiera Agromercantil S.A.(8) | Guatemala | Financial services | 100.00% | 60.00% | 60.00% |
Agrovalores S.A.(8) | Guatemala | Securities brokerage | 100.00% | 60.00% | 60.00% |
Arrendadora Agromercantil S.A.(8) | Guatemala | Operating Leasing | 100.00% | 60.00% | 60.00% |
Agencia de Seguros y Fianzas Agromercantil S.A.(8)(10) | Guatemala | Insurance company | 100.00% | 60.00% | 60.00% |
Asistencia y Ajustes S.A.(8) | Guatemala | Services | 100.00% | 60.00% | 60.00% |
Serproba S.A.(8) | Guatemala | Maintenance and remodelling services | 100.00% | 60.00% | 60.00% |
Servicios de Formalización S.A.(8) | Guatemala | Loans formalization | 100.00% | 60.00% | 60.00% |
Conserjeria, Mantenimiento y Mensajería S.A.(8)(10) | Guatemala | Maintenance services | 100.00% | 60.00% | 60.00% |
Mercom Bank Ltd.(8) | Barbados | Banking | 99.59% | 59.72% | 59.72% |
New Alma Enterprises Ltd.(8) | Bahamas | Investments | 99.59% | 59.72% | 59.72% |
Bancolombia Puerto Rico Internacional Inc. | Puerto Rico | Banking | 100.00% | 100.00% | 100.00% |
Bancolombia Caymán S.A.(11) | Cayman Islands | Banking | 100.00% | 100.00% | 100.00% |
Bagrícola Costa Rica S.A. | Costa Rica | Outsourcing | 99.17% | 99.17% | 99.16% |
(1) | The Bank's shareholding decreased during 2019 and 2020. However, the entity is defined as a subsidiary, given the significant control and influence over the PA. management board responsible for appointing the management staff and the employees of the PA. |
(2) | In 2020, the Bank consolidated certain equity securities that are controlled through its subsidiary Fondo de Capital Privado Fondo Inmobiliario Colombia, due to the control definition is met according to IFRS 10. This equity securities are considered as a business, because of its capacity to generate income. |
(3) | The decrease in the shareholding is due to the repurchase outstanding stock carried out by the subsidiary during 2018 and 2019. |
(4) | Investments effected in 2019. |
(5) | Investment not consolidated during 2019 because it does not meet control requirements. |
(6) | Investment consolidated by Banistmo during 2019. |
(7) | Investments in non-operational stage. |
(8) | On September 29, 2020, Grupo Bancolombia acquired 40% of the shareholdings of Grupo Agromercantil Holding (GAH), a company that owns the financial conglomerate Agromercantil of Guatemala. |
(9) | Companies sold during 2019. |
(10) | Companies in liquidation. |
(11) | On October 5, 2020, the Board of Directors of Bancolombia Panamá (parent company of Bancolombia Cayman), authorized the decision to wind-down the business and operations of its subsidiary in Cayman. The wind-down would be completed before the end of the year 2021. For further information, see Note 1. Reporting entity. |