Exhibit 8.1
LIST OF SUBSIDIARIES (EXHIBIT)
ENTITY | JURISDICTION OF INCORPORATION | BUSINESS | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2023 | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2022 | PROPORTION OF OWNERSHIP INTEREST AND VOTING POWER HELD BY THE BANK 2021 | ||||
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% | ||||
WOMPI S.A.S. (before VLIPCO S.A.S.)(1) | Colombia | Technology services provider | 100.00% | 99.98% | 94.77% | ||||
Renting Colombia S.A.S. | Colombia | Operating leasing | 100.00% | 100.00% | 100.00% | ||||
Transportempo S.A.S. “En Liquidación” | Colombia | Transportation | 100.00% | 100.00% | 100.00% | ||||
Inversiones CFNS S.A.S. | Colombia | Investments | 99.94% | 99.94% | 99.94% | ||||
Negocios Digitales Colombia S.A.S. (before Pasarela Colombia S.A.S) | Colombia | Payment solutions | 100.00% | 100.00% | 100.00% | ||||
Fondo de Capital Privado Fondo Inmobiliario Colombia(2) | Colombia | Real estate investment fund | 80.47% | 80.47% | 49.96% | ||||
P.A. Inmuebles CEM(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
P.A. Calle 92 FIC-11(2) | Colombia | Mercantil trust | 52.31% | 52.31% | 32.47% | ||||
P.A. FIC Edificio Corfinsura(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
P.A. FIC-A5(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
P.A. FIC Inmuebles(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
P.A. FIC Clínica de Prado(2) | Colombia | Mercantil trust | 62.00% | 62.00% | 38.49% | ||||
P. A. FIC A6(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
P.A. Central Point(2) | Colombia | Mercantil trust | 60.35% | 60.35% | 37.47% | ||||
Fideicomiso Irrevocable de Garantía, Fuente de Pago y Administración Inmobiliaria Polaris(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
P.A. Fideicomiso Twins Bay(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
Fideicomiso Lote Av San Martín(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
P.A. Fideicomiso Lote 30(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 49.96% | ||||
Fideicomiso Fondo Inmobiliario Bancolombia(2) | Colombia | Mercantil trust | 80.47% | 80.47% | 17.54% | ||||
P.A. Florencia Ferrara(2) (3) | Colombia | Mercantil trust | 44.26% | 44.26% | - | ||||
P.A. Flor Morado Plaza(3) | Colombia | Mercantil trust | 80.47% | 80.47% | - | ||||
P.A. Galería la 33(4) | Colombia | Mercantil trust | 80.47% | - | - | ||||
Valores Simesa S.A.(5) | Colombia | Investments | 64.93% | 66.33% | 66.82% | ||||
Fideicomiso Lote Distrito Vera B1B2(5) | Colombia | Mercantil trust | 64.61% | 66.00% | 66.49% | ||||
Fideicomiso Lote Distrito Vera B3B4(5) | Colombia | Mercantil trust | 64.61% | 66.00% | 66.49% | ||||
Fideicomiso Lote B6 Ciudad del Rio(6) | Colombia | Mercantil trust | - | 66.00% | - | ||||
P.A. FAI CALLE 77(7) | Colombia | Real estate investment fund | 98.00% | 98.00% | - | ||||
P.A. NOMAD SALITRE(8) | Colombia | Real estate investment fund | 98.00% | 98.00% | - | ||||
P.A. NOMAD CENTRAL-2(9) | Colombia | Real estate investment fund | 98.00% | - | - | ||||
P.A. CALLE 84 (2)(9) | Colombia | Real estate investment fund | 98.00% | - | - | ||||
P.A. CALLE 84 (3)(9) | Colombia | Real estate investment fund | 98.00% | - | - | ||||
P.A. MERCURIO(10) | Colombia | Real estate investment fund | 100.00% | 100.00% | - | ||||
Wenia S.A.S.(11) | Colombia | Technology services | 100.00% | 100.00% | - | ||||
P.A. Wenia(11) | Colombia | Mercantil trust | 100.00% | - | - | ||||
Nequi S.A. Compañía de Financiamiento(12) | Colombia | Financial services | 100.00% | 100.00% | - | ||||
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% | 99.17% | ||||
Banistmo S.A. | Panama | Banking | 100.00% | 100.00% | 100.00% | ||||
Banistmo Investment Corporation S.A. | Panama | Trust | 100.00% | 100.00% | 100.00% | ||||
Leasing Banistmo S.A. | Panama | Leasing | 100.00% | 100.00% | 100.00% | ||||
Valores Banistmo S.A. | Panama | Securities brokerage | 100.00% | 100.00% | 100.00% | ||||
Banistmo Panamá Fondo de Inversión S.A.(13) | Panama | Holding | 100.00% | 100.00% | 100.00% |
Suvalor Renta Fija Internacional Corto Plazo S.A.(14) | Panama | Collective investment fund | - | - | 100.00% | |||
Fondo Renta Sostenible Global S.A.(14) | Panama | Collective investment fund | - | - | 100.00% | |||
Banistmo Capital Markets Group Inc.(13) | Panama | Purchase and sale of securities | 100.00% | 100.00% | 100.00% | |||
Anavi Investment Corporation S.A.(13) | Panama | Real estate | 100.00% | 100.00% | 100.00% | |||
Desarrollo de Oriente S.A.(13) | Panama | Real estate | 100.00% | 100.00% | 100.00% | |||
Steens Enterprises S.A.(13) | Panama | Portfolio holder | 100.00% | 100.00% | 100.00% | |||
Ordway Holdings S.A.(13) | Panama | Real estate broker | 100.00% | 100.00% | 100.00% | |||
Grupo Agromercantil Holding S.A. | Panama | Holding | 100.00% | 100.00% | 100.00% | |||
Banco Agromercantil de Guatemala S.A. | Guatemala | Banking | 99.68% | 99.68% | 99.66% | |||
Seguros Agromercantil de Guatemala S.A. | Guatemala | Insurance agency | 79.92% | 79.92% | 79.92% | |||
Financiera Agromercantil S.A. | Guatemala | Financial services | 100.00% | 100.00% | 100.00% | |||
Agrovalores S.A. | Guatemala | Securities brokerage | 100.00% | 100.00% | 100.00% | |||
Arrendadora Agromercantil S.A. | Guatemala | Operating Leasing | 100.00% | 100.00% | 100.00% | |||
Agencia de Seguros y Fianzas Agromercantil S.A.(15) | Guatemala | Insurance agency | - | 100.00% | 100.00% | |||
Asistencia y Ajustes S.A. | Guatemala | Roadside and medical assistance services | 100.00% | 100.00% | 100.00% | |||
Serproba S.A. | Guatemala | Maintenance and remodeling services | 100.00% | 100.00% | 100.00% | |||
Servicios de Formalización S.A. | Guatemala | Loans formalization | 100.00% | 100.00% | 100.00% | |||
Conserjeria, Mantenimiento y Mensajería S.A. “En Liquidación” | Guatemala | Maintenance services | 100.00% | 100.00% | 100.00% | |||
Mercom Bank Ltd.(16) | Barbados | Banking | 99.68% | 99.68% | 99.66% | |||
New Alma Enterprises Ltd. | Bahamas | Investments | 99.68% | 99.68% | 99.66% | |||
Bancolombia Puerto Rico Internacional Inc. | Puerto Rico | Banking | 100.00% | 100.00% | 100.00% | |||
Bancolombia Cayman S.A.(17) | Cayman Islands | Banking | 100.00% | 100.00% | 100.00% | |||
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% | |||
Bagrícola Costa Rica S.A. | Costa Rica | Outsourcing | 99.17% | 99.17% | 99.17% | |||
Bancolombia Capital Holdings USA LLC(18) | United States | Holding | 100.00% | 100.00% | 100.00% | |||
Bancolombia Capital Adviser LLC(18) | United States | Investment advisor | 100.00% | 100.00% | 100.00% | |||
Bancolombia Capital LLC(18) | United States | Securities brokerage | 100.00% | 100.00% | 100.00% | |||
Wenia Ltd.(11) | Bermuda | Technology services | 100.00% | 100.00% | - |
(1) During 2022 and 2023, the Bank through its subsidiary Banca de Inversión S.A., purchased remaining shares from minority investors.
(2) During 2022, the Bank increased its participation in FCP Fondo Inmobiliario Colombia, in order to strengthen governance and strategy decisions. For further information, see Consolidated Financial Statement, Note 1. Reporting entity.
(3) Companies consolidated by Fondo de Capital Privado FCP Fondo Inmobiliario Colombia since April 2022 and December 2022.
(4) Company consolidated by Fondo de Capital Privado FCP Fondo Inmobiliario Colombia since March 2023.
(5) The decrease in the shareholding is due to the repurchase of outstanding stock carried out by Valores Simesa subsidiary during 2023 and 2022.
(6) During 2023, the trust rights were transferred by Valores Simesa S.A.
(7) On March 1, 2022, the Parent Company was established as trustor of P.A FAI Calle 77, owner of a property that will be used for rental housing. For further information, see Consolidated Financial Statement, Note 1. Reporting entity and Note 9.3. Business combination.
(8) On April 4, 2022, the Parent Company was appointed as trustor of 100% of the trust rights of Patrimonio Autonomo Nomad Salitre, whose main purpose is to develop a Multifamily Project.
(9) During February and April 2023, the Parent Company was established as trustor of P.A Nomad Central-2, P.A Calle 84 (2) and P.A Calle 84 (3), through a management mercantil trust agreement.
(10) On July 8, 2022, Bancolombia S.A. acquired control of Fidecomiso P.A. Mercurio, through a management mercantil trust agreement.
(11) On July 22, 2022, the Bank through the subsidiary, Sistemas de Inversiones y Negocios S.A. SINESA, established the company Wenia LTD in Bermuda, a digital corporate vehicle whose purpose is to provide technology services. On November 22, 2022, Wenia LTD established the company called Wenia S.A.S., whose purpose is the creation and implementation of operating systems and software applications. On May 17, 2023, Wenia S.A.S was established as trustor of the fiduciary rights of P.A Wenia. For further information, see Consolidated Financial Statement, Note 1. Reporting entity.
(12) On December 14, 2021, the board of directors of the Parent Company authorized the legal separation of the business of Nequi, the Bank’s digital platform that offers financial services. The Superintendencia Financiera de Colombia, with Resolution 0843 of July 6, 2022, as amended by Resolution 0955 of July 27, 2022, authorized the incorporation of Nequi S.A. Compañía de Financiamiento. The
legal separation resulted in the creation and commercial registration of a new corporation supervised by the Superintendencia Financiera de Colombia through which Nequi will operate as a 100% digital credit establishment. For further information, see Consolidated Financial Statement, Note 1. Reporting entity.
(13) Investments in non-operational stage.
(14) Companies not consolidated by Banistmo S.A. as of November 2022, due to non-compliance with consolidation requirements established in IFRS 10.
(15) Company liquidated as of June 2023.
(16) On September 30, 2021, Mercom Bank Ltd shareholder authorized the beginning of an organized and gradual process to transfer of the assets and liabilities of Mercom Bank, Ltd., to Banco Agromercantil de Guatemala, S. A. or other companies of the Bank. For further information, see Consolidated Financial Statement, Note 1. Reporting entity.
(17) 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. For further information, see Consolidated Financial Statement, Note 1. Reporting entity.
(18) Companies created by Valores Bancolombia S.A. Comisionista de Bolsa in October 2021. For further information, see Consolidated Financial Statement, Note 1. Reporting entity.