Corporate Governance


Banistmo S.A. forms part of the Bancolombia Group. With more than 130 years of experience, the Bancolombia Group is the largest financial conglomerate in Colombia offering a wide range of financial products and services to a diverse client base made up of more than 7 million private individuals and companies. The Bancolombia Group distributes its products and services on a regional platform, the largest private banking network in Colombia, with more than 1,002 branch offices, 3,943 ATMs, 1,639 banking correspondents, besides its online banking facilities.

The Bancolombia Group is also present on the Central American market through Banco Agricola, the leading financial conglomerate in El Salvador, Banco Agromercantil in Guatemala, in which it holds a 40% stake as well as its off-shore banking subsidiaries in Panama, the Cayman Islands and Puerto Rico.

the Bancolombia Group, through its different companies, provides stock brokerage, investment banking, leasing, factoring, consumer lending, trust, asset management and insurance brokerage services, amongst others.


The following are the subsidiaries belonging to Banistmo S.A.:

Name Registered Place of Business % Stake
Banistmo Investment Corporation S.A. Panama 100%
Leasing Banistmo S.A. Panama 100%
Securities Banistmo S.A. Panama 100%
Financomer S.A. Panama 100%

Corporate Governance

Banistmo S.A. is governed by the Bancolombia Group's corporate governance policies. The Bancolombia Group's Code of Good Governance can be found at the following link: