Bancolombia SA
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Based in Colombia
Company profile

Bancolombia S.A. (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. It delivers its products and services through its regional network comprising Colombia's non-Government owned banking network, El Salvador's financial conglomerate by gross loans, Guatemala's bank, Panama's bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$30.90
Day's Change
0.07 (0.23%)
Bid
--
Ask
--
B/A Size
--
Day's High
31.00
Day's Low
30.29
Volume
(Light)
Volume:
279,361

10-day average volume:
664,225
279,361

Citi Launches SEPA Instant Payments in Europe

5:39 am ET May 4, 2022 (BusinessWire) Print

Citi has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, further increasing the bank's global Instant Payments offering.

The launch will provide clients with the ability to pay to and receive from 36 SEPA countries instantly. The offering allows SEPA Credit Transfers to be made within seconds, 24/7 and funds available to recipients immediately. Payments can be made to and received from SEPA Instant participating banks located anywhere within the 36 country SEPA zone.

The new offering provides clients with a single point of access through Citi's platforms, CitiConnect(R) for Files, CitiConnect(R) API and CitiDirect(R), for executing Instant Payments. With standardized connectivity platforms, clients will benefit from a scalable solution that can facilitate rapid global expansion within a consistent architecture.

Mark McNulty, EMEA Head of Payments and Receivables, Treasury and Trade Solutions, Citi, commented: "With our latest launch of SEPA Instant Payments in Europe, we have further expanded our market-leading Instant Payments proposition for payments to and from the SEPA zone. Clients will be able to transact instantly with immediate settlement of funds. This capability can support new business models and ensure our clients can operate effectively in an increasingly real-time 24/7 digital economy. An exciting development and yet another milestone for our payments business."

Businesses will be able to use SEPA Instant Payments for a wider range of use cases to drive business growth and efficiency, including on-demand payments. The continued growth of ecommerce business and direct-to-consumer business models make Instant Payments more relevant than ever. The new solution offers corporates greater choice and flexibility in payment methods, with a frictionless and real-time payment instrument.

Elena Gomez, Global Head of Domestic Payments, Treasury and Trade Solutions, Citi, commented: "We are seeing an increasing number of countries advance their digital capabilities and introduce local instant payment schemes. Citi has built a globally consistent solution that provides uniform connectivity to all key domestic instant payment systems. We have taken a single point-of-entry approach, utilizing API connectivity, to enable clients to make payments in multiple markets, and access key real time services such as payment status or balance enquiries, as well as instant notification of incoming credits and outgoing debits."

In addition to SEPA, the bank supports 29 other markets globally for Instant Payments. Citi's Instant Payments capabilities can now reach over 60 countries around the world.

About Citi's Treasury and Trade Solutions

Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504005600/en/

SOURCE: Citi

Media Contact: 
Belinda Marks
Belinda.marks@citi.com
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